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Included on this page: Boards and Strategy; Boards and Firm Performance; Specific Issues (Restructuring; Bankruptcy; R&D).

Boards and Strategy

  • Baysinger, B. D., & Hoskisson, R. E. 1990. The composition of boards of directors and strategic control: Effects on corporate strategy. Academy of Management Review, 15: 72-87.

  • Goodstein, J., K. Gautam, & W. Boeker. 1994. The Effects of Board Size and Diversity on Strategic Change. Strategic Management Journal 15: 241-250.

  • Henke, J.W. 1986. Involving the Directors in Strategic Planning. Journal of Business Strategy 7(2): 87-95.

  • Judge, W.Q. & C.P. Zeithaml. 1992. Institutional and Strategic Choice Perspectives on Board Involvement in the Strategic Decision Process. Academy of Management Journal 35: 766-794.

  • Stearns, L.B. & M.S. Mizruchi. 1993. Board Composition and Corporate Financing: The Impact of Financial Institution Representation on Borrowing. Academy of Management Journal 36: 603-618.

Boards and Firm Performance

  • Barnhart, Scott W. & Stuart Rosenstein. 1998. Board Composition, Managerial Ownership, and Firm Performance: An Empirical Analysis, Financial Review 33: 1-36.

  • Barnhart, Scott. Wayne M. Marr, & Stuart Rosenstein.1994. Firm performance and board composition: Some new evidence. Managerial & Decision Economics. 15(4): 329-340.

  • Bhagat, Sanjai & Bernard Black. 1999. The Uncertain Relationship Between Board Composition and Firm Performance. Business Lawyer. 54: 921-963.

  • Baysinger, B.D. & H. Butler. 1985. Corporate Governance and the Board of Directors: Performance Effects of Changes in Board Composition. Journal of Law, Economics, and Organization 1: 101-134.

  • Hill, C.W.L. & S.A. Snell. 1989. Effects of Ownership and Control on Corporate Productivity. Academy of Management Journal 32: 25-46.

  • Jones, Thomas M. 1986. Corporate Board Structure and Performance: Variations in the Incidence of Shareholder Suits. Research in Corporate Social Performance 8: 45-59.

  • Kaplan, Steven N. & David Reishus. 1990. Outside Directorships and Corporate Performance. Journal of Financial Economics 27(2): 389-410.

  • Kesner. I.F. 1987. Directors’ Stock Ownership and Organizational Performance: An Investigation of Fortune 500 Companies. Journal of Management 13: 499-507.

  • Kesner, Idalene F. and Roy B. Johnson. 1990 An Investigation of the Relationship between Board Composition and Stockholder Suits. Strategic Management Journal 11: 327-336.

  • Millstein, Ira M. and Paul W. MacAvoy. 1998. Essay: The Active Board of Directors and Performance of the Large Publicly Traded Corporation. Columbia Law Review 98: 1283.

  • Molz, R. 1988. Managerial Domination of Boards of Directors and Financial Performance. Journal of Business Research 16: 235-249.

  • Rosenstein, Stuart & Jeffrey G. Wyatt. 1990. Outside Directors, Board Independence, and Shareholder Wealth. Journal of Financial Economics. 26: 175-191.

  • Wagner, John A. III. J.L. Stimpert, & Edward I. Fubara. 1998. Board Composition and Organizational Performance: Two Studies of Insider/Outsider Effects. Journal of Management Studies 35(5): 655.

  • Zahra, S.A. & J.A. Pearce. 1989. Board of Directors and Corporate Financial Performance: A Review and Integrative Model. Journal of Management 15: 291-334.

Corporate Restructuring

  • Gibbs, P. 1993. Determinants of Corporate Restructuring: The Relative Importance of Corporate Governance, Takeover Threat, and Free Cash Flow, Strategic Management Journal, 14: 51-68.

  • Johnson, R. A., Hoskisson, R. E., & Hitt, M. A. 1993. Board of director involvement in restructuring: The effects of board versus managerial controls and characteristics. Strategic Management Journal, 14 (special summer issue): 33-50.

  • Hoskisson, R.E., R.A. Johnson & D.D. Moesel. 1994. Corporate Divestiture Intensity in Restructuring Firms: Effects of Governance, Strategy, and Performance. Academy of Management Journal 37: 1207-1251.

Bankruptcy

  • Daily, C.M. & D.R. Dalton. 1994. Bankruptcy and Corporate Governance: The Impact of Board Composition and Structure. Academy of Management Journal 37: 1603-1617.

  • Daily, C.M. & Dalton, D.R. 1994. Corporate Governace and the Bankrupt Firm: An Empirical Assessment. Strategic Management Journal 15: 643-654.

  • Gilson, S.C. 1990. Bankruptcy, Boards, Banks, and Blockholders. Journal of Financial Economics 27: 355-387.

R & D/Innovation

  • Baysinger, B.D., R.D. Kosnik & T.A. Turk. 1991. Effects of Board and Ownership Structure on Corporate R&D Strategy. Academy of Management Journal 34: 205-214.

  • Kochhar, R. & P. David. 1996. Institutional Investors and Firm Innovation: A Test of Competing Hypotheses. Strategic Management Journal 17: 73-84.

 

 
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