Gray Directors, Ivy leagues and International business schools affiliations: Empirical review of firm value.
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Tijani, O. M.
Adeyemi, S. B.
Enterpreneurial Journal of Management Sciences, Al-Hikma Univesity, Ilorin
Using a sample of banks quoted on the Nigerian Stock Exchange during the 2006-2013 periods, the paper investigates the role of prestige and social networks acquired through directors’ affiliation with World Renowned Business and Ivy League schools in the selection of outside directors, and the subsequent effect on the firm value. The study finds that the appointments of gray directors with these characteristics have no effect on firm value and professional networks made of alumni from renowned Business and Ivy League Schools have significant relationship with the number of positions held by individual director
prestige , social networks , Ivy League schools , outside directors , firm value , Research Subject Categories::SOCIAL SCIENCES
Tijani, O. M. and Adeyemi, S. B. (2015). Gray Directors, Ivy leagues and International business schools affiliations: Empirical review of firm value. Enterpreneurial Journal of Management Sciences, Al-Hikma Univesity, Ilorin,4(1): 131-159