...Sangyong Han; Hyejeong Mun Purpose This study investigates the relationship between outside directors, managerial compensation, and firm performance in the Korean insurance industry. Design/methodology/approach The authors employ a simultaneous equation framework by using three-stage least...

...Karlyn Mitchell Purpose – Directors play a hard-to-quantify but critical role in the success of corporations. Outside directors supplement the firm-specific knowledge of inside directors by providing expertise and monitoring. Prior research finds that outside directors who are commercial bankers...