Interlocking Directorates and Firm Performance: Evidence from China

2022 ◽  
Author(s):  
Muzi Chen ◽  
Difang Huang ◽  
Boyao Wu
Keyword(s):  
Firm Performance ◽  
Interlocking Directorates

Board Interlocks and Firm Performance: Toward a Combined Agency–Resource Dependence Perspective

2015 ◽  
Vol 44 (2) ◽  
pp. 589-618 ◽  
Author(s):  
Fabio Zona ◽  
Luis R. Gomez-Mejia ◽  
Michael C. Withers
Keyword(s):  
Firm Performance ◽  
Resource Dependence ◽  
Higher Order ◽  
Ownership Concentration ◽  
Power Imbalance ◽  
Interlocking Directorates ◽  
Negative Effect ◽  
Relative Resources ◽  
Resource Dependence Perspective ◽  
Agency Resource

This study develops a combined agency–resource dependence perspective and applies it to the study of interlocking directorates. It suggests that interlocking directorates may exert either a positive or a negative effect on subsequent firm performance, depending on the firm’s relative resources, power imbalance, ownership concentration, and CEO ownership. A test on a sample of 145 Italian companies provides support for hypothesized effects. This study suggests that integrating agency and resource dependence theories provides a higher-order explanation of firm performance and helps advance both agency and resource dependence theories.

Does Diversity in The Boardroom Add Value to a Firm?

2018 ◽  
Vol 18 (5) ◽  
Keyword(s):  
Firm Performance ◽  
Panel Data ◽  
Firm Size ◽  
Significant Influence ◽  
Negative Influence ◽  
Positive Influence ◽  
Future Research ◽  
Board Composition ◽  
Board Diversity

This study examines whether board diversity affects firm performance. We investigate this study using panel data of a sample of S&P 500 firms during a 12 year period. After controlling for industry, firm size, and other board composition variables, we find that all three board diversity variables of interest – gender, ethnicity, and age have a significant influence on firm performance. While ethnicity and age have a positive influence on firm performance, it was found that gender has a negative influence. Implications for future research are discussed.

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