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Published in:
2015 | OriginalPaper | Chapter
Effects of Outside Directors on Corporate Regulatory Compliance Decisions
Author : Philip Baron
Published in: Proceedings of the 1982 Academy of Marketing Science (AMS) Annual Conference
Publisher: Springer International Publishing
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This is a descriptive study to determine what impact outside directors have on a firm's regulatory compliance decisions and on its awareness of social responsibility. Three hypotheses are examined, and the results indicate that none of the three are established. The principal finding is that regulatory compliance decisions rarely come before boards of directors and that when they do, outside directors exert little influence.