Outside Directors and the Privately-Owned Firm: Are They Necessary?
研究私营企业是否需要外部董事，发现外部董事可能反而降低董事会的影响力，基于对Inc. 500公司董事会的调查。
A growing body of literature asserts the importance for privately-owned firms to have a working board of directors with outside board members. Findings from the author's recent study on the boards’ of the Inc. 500 firms suggest that the presence of outsiders may actually reduce the influence of the board.