...J.L. Rivas Purpose This paper aims to explore the association between firm subsidiary risk and the board composition attributes of international experience, government experience and independence (outsiders). Design/methodology/approach We sample the directors of the 104 largest European...

.... We show how the efficiency wage model can be integrated with several other theories of executive turnover. Furthermore, the model allows for predictions that have received very little analysis to date, such as the effect of firm risk and executive salaries on turnover. We test predictions from...