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http://dx.doi.org/10.1016/j.jfineco.2012.12.007

has been cited by the following article:

• TITLE: Board Advising, Risk-Taking, and Firm Performance

  AUTHORS: Jianping Li

  KEYWORDS: Risk-Taking, Board Advising, Firm Performance

  JOURNAL NAME: Journal of Financial Risk Management, Vol.5 No.3, September 16, 2016

  ABSTRACT: The corporate risk-taking has caught public attention due to the global financial crisis. Using a sample of listed companies in China from 2008 to 2015, this paper investigates how the role of board advising affects corporate risk-taking and the possible economics consequences of risk-taking. The empirical results show that the percentage of advisory directors is positively associated with the level of corporate risk-taking, and the interaction of the percentage of advisory directors and risk-taking is positively correlated with the future firm performance. However, these effects are not significant at all in the state-owned enterprises due to government’s interference.