“…However, a board with a diversity of PSEs across different industries may reduce the signs of myopic decisions (Beckman, 2006;Chung et al, 2015), mitigating investors' concerns about the existence of PSE between the CEO and the board. Further, the level of industry ambiguity may affect investors' perceptions about the requirements for effective decision making (Filatotchev & Bishop, 2002;Park & Patel, 2015) and thereby perceptions about the existence of PSE. There is consistent evidence that investors particularly focus on board resources (prior specific experience on the same industry/firm or in different industries/firms) and industry dynamics in making their investment choices (Acharya & Pollock, 2013;Chahine, Filatotchev, & Zahra, 2011;Filatotchev & Bishop, 2002;Filatotchev, Chahine, Wright, & Arberk, 2005;Sundaramurthy, Pukthuanthong, & Kor, 2014).…”