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Cotter, J., Shivdasani, A. and Zenner, M. (1997) Do Independent Directors Enhance target Shareholder Wealth during Tender Offers? Journal of Financial Economics, 43, 195-218.
https://doi.org/10.1016/S0304-405X(96)00886-0

has been cited by the following article:

• TITLE: Board Busyness and Firm Performance: Evidence from India

  AUTHORS: Asheesh Pandey, Sanjay Sehgal, Arjun Mittal

  KEYWORDS: Board Busyness, Firm Performance, Director Busyness, Board Size, CEO Busyness

  JOURNAL NAME: Theoretical Economics Letters, Vol.9 No.3, March 12, 2019

  ABSTRACT: In this paper, we examine the relationship between board busyness and firm performance for BSE 500 companies in India from 2009-2013. We find that over one third of the directors are busy in India and about three fourth of them hold up to 5 directorships. For all firms, we find that there is a weak positive relationship between board busyness and firm performance, while for non-financial firms, the relationship between board busyness and corporate performance is virtually absent. Further, we find that it is the CEO busyness and not board busyness, which adversely affects firm performance in India.