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Data and Replication Kit for "Revisiting Board Independence Mandates: Evidence from Director Reclassifications"

If you use this code and dataset, please cite "Revisiting Board Independence Mandates: Evidence from Director Reclassifications" by Donald Bowen and Jerome Taillard. Review of Finance, Forthcoming.

Folder contents:

  • main.do: Will reproduce all data construction and code. Follow instructions inside for full replication.
  • format_ISS_director_data.do: A utility file to format ISS data.
  • inputs/: A folder containing data we are allowed to share publicly. It also contains psuedo data so users can immediately run the main analysis code.
  • outputs/: A folder with the analysis outputs from the final draft (see the excel file and figure files), and log files from running the code. When users run main.do, files in the output folder will be replaced.

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Replication of Bowen and Taillard (2025)

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