Topic
Interlocking directorate
About: Interlocking directorate is a research topic. Over the lifetime, 61 publications have been published within this topic receiving 3909 citations.
Papers published on a yearly basis
Papers
TL;DR: In this paper, the authors present an in-depth examination of the study of interlocking directorates, focusing initially on both the determinants and the consequences of interlock directorates.
Abstract: Research on interlocking directorates has gained increasing prominence within the field of organizations, but it has come under increasing criticism as well. This chapter presents an in-depth examination of the study of interlocking directorates. I focus initially on both the determinants and the consequences of interlocking directorates, reviewing alternative accounts of both phenomena. Special attention is paid to the processual formulations implied by various interlock analyses. I then address the two primary criticisms of interlock research and evaluate the tenability of these criticisms. I conclude with a discussion of future directions for interlock research.
1,798 citations
TL;DR: In this article, the authors examined how external network ties determine a board's ability to contribute to the strategic decision-making process and found that the simple number of director appointments to other boards is not a good predictor of board performance.
Abstract: This study examines how external network ties determine a board's ability to contribute to the strategic decision making process. Although the simple number of director appointments to other boards...
1,360 citations
Abstract: Manuscript Type
Empirical
Research Question/Issue
Building on resource dependence theory, this paper examines the effect of board capital and the moderating effect of CEO power on R&D investment.
Research Findings/Insights
Based on a panel of electronics firms in Taiwan, the results indicate that board capital (directors' educational level, directors' industry-specific experience and interlocking directorate ties) has a positive effect on R&D investment and that CEO power positively moderates this effect. The empirical evidence suggests that when powerful CEOs are present, directors with human and social capital will devote more effort to providing valuable strategic advice and resources and thus will support R&D investment to enhance innovative capabilities.
Theoretical/Academic Implications
This study contributes to knowledge on corporate governance by bridging the gap in the relationship between board capital and R&D investment via an empirical inquiry into the influence of CEO power on a board's resource provision. The findings suggest that research aiming to elucidate the resource dependence role of board capital in shaping R&D investment should consider the potential moderating role of CEO power. Thus, this study should not only supplement the resource dependence literature by providing a more thorough understanding of the relationship between board capital and R&D investment but also delve into the black box of CEO-board relations, an important topic within corporate governance research.
Practitioner/Policy Implications
This study suggests that when the boards of firms competing in innovation through R&D investment (e.g., electronics firms) search for new board members, they should consider the educational level, industry-specific experience and interlocking directorate ties of potential directors and how those potential directors complement or reinforce the existing board in order to enhance their ability to obtain valuable strategic information and substantial resources that would facilitate better R&D investment decisions. Additionally, those R&D firms may be advised to have a combination of a powerful CEO and a board consisting of directors with more education, directors with industry-specific experience and directors with interlocking directorate ties because the presence of a powerful CEO may motivate directors to provide ongoing advice and resources, leading to increased R&D investment necessary to enhance innovation capabilities.
203 citations
TL;DR: In this paper, the authors discuss how globalization at the firm level affects governance and accountability systems at parent-and subsidiary-levels, emphasizing how an MNE's globalization attributes such as globalization scale, foreign adaptation, global competition, and international experience influence the design of governance mechanisms.
132 citations
TL;DR: In this paper, the authors investigated how independent directors with human and social capital contribute to firm internationalization and found an inverted-U relationship exists between independent directors' tenure overlap and internationalization.
123 citations
Related Topics (5)
Performance Metrics
| Year | Papers |
|---|---|
| 2021 | 3 |
| 2020 | 1 |
| 2019 | 4 |
| 2018 | 1 |
| 2017 | 4 |
| 2016 | 5 |