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Author:Nicholson, G.J.
Kiel, G.C.
Title:Can directors impact performance? A case-based test of three theories of corporate governance
Journal:Corporate governance
2007 : JUL, VOL. 15:4, p. 585-608
Index terms:management
directors
corporate governance
theories
case studies
Language:eng
Abstract:This paper examines hypothesized (hereafter as: hyp.) links btw. the board of directors and firm performance (here as: f-perf.) as predicted by the three predominant theories in corporate governance research, that's, agency theory (as: th.), stewardship th. and resource dependence th. Examined is the hyp. link between board demography and f-perf. expected under each th. By employing a pattern matching analysis of seven cases, it is found that while each th. can explain a particular case, no single th. explains the general pattern of results.
SCIMA record nr: 269197
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