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The Effect of Informed Outside Directors on Investment Efficiency

Advances in Management Accounting

ISBN: 978-1-78756-440-4, eISBN: 978-1-78756-439-8

ISSN: 1474-7871

Publication date: 13 August 2018


Originality/Value – Investments require a firm to determine how it will allocate resources. Such important decisions require management to obtain the approval of the board of directors. This paper reveals that the investment-related experience that the directors obtain from their other board service is associated with efficient investment outcomes at the home firm.




I gratefully acknowledge financial support from the University of Baltimore.


Felix, R. (2018), "The Effect of Informed Outside Directors on Investment Efficiency", Malina, M.A. (Ed.) Advances in Management Accounting (Advances in Management Accounting, Vol. 30), Emerald Publishing Limited, Bingley, pp. 99-127.



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