dam a22 2 4500 55131415X CHVBK 20200911032849.0 cr || |||||||| 181212s2018 sz om 00 eng d (IDSSG)001028722 SzZuIDS HSG ger rda 330 16616757101 edok Rieke Jan Frederic Verfasser aut Directors Skills and Experiences and Firm Value : Evidence from Director Replacements Jan Frederic Rieke St. Gallen 2018 1 Online-Ressource Text txt rdacontent/ger Computermedien c rdamedia/ger Online-Ressource cr rdacarrier/ger Master-Arbeit / Universität St. Gallen Masterarbeit Universität St. Gallen 2018 Members of the board of directors are tasked with advising and monitoring the management. However, there is no clear answer to what the optimal composition of the board is and what director characteristics are desirable to maximise firm value and performance. In this study, I analyse the effect of industry experience on firm value. Specifically, I analyse the announcement effect resulting from a net gain/loss of industry experience due to a change in the composition of the board of directors. Therefore, this study builds on the analysis of the effect of industry experience on firm value by von Meyerinck, Oesch and Schmid (2016) and adds to the literature by using a distinctively holistic methodology through analysing the net effect of industry experience gained or lost through a director replacement instead of focusing on the industry experience of the appointed director. Like von Meyerinck, Oesch and Schmid (2016), I find evidence to support the hypothesis that industry experience of the board of director results in positive abnormal announcement returns. Corporate Governance (DE-588)4419850-4 gnd Board of directors (DE-588)4303006-3 gnd Director skills and experience; Director exchanges Hochschulschrift gnd-content Meyerinck Felix von (DE-588)1074224485 Akademischer Betreuer dgs http://www1.unisg.ch/org/biblio/edoc.nsf/SysLkpByIdentifier/16616757101/$FILE/16616757101.pdf Volltext für Angehörige der Universität St. Gallen BK020353 XK020053 XK020000 IDSSG 100 1- Rieke Jan Frederic Verfasser aut IDSSG 490 0- Master-Arbeit / Universität St. Gallen IDSSG 700 1- Meyerinck Felix von (DE-588)1074224485 Akademischer Betreuer dgs IDSSG 856 4- http://www1.unisg.ch/org/biblio/edoc.nsf/SysLkpByIdentifier/16616757101/$FILE/16616757101.pdf Volltext für Angehörige der Universität St. Gallen