The strategic context of external network ties: Examining the impact of director appointments on board involvement in strategic decision making

被引:646
作者
Carpenter, MA [1 ]
Westphal, JD
机构
[1] Univ Wisconsin, Sch Business, Madison, WI 53706 USA
[2] Univ Wisconsin, Weinert Ctr Entrepreneurship, Madison, WI 53706 USA
[3] Univ Texas, McCombs Sch Business, Austin, TX 78712 USA
关键词
D O I
10.5465/3069408
中图分类号
F [经济];
学科分类号
02 ;
摘要
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 does not affect board monitoring or advice on strategy, appointments that can provide directors with relevant strategic knowledge and perspective do predict such involvement. In effect, the strategic context of social network ties, not simply the number of ties, is an important influence on corporate governance.
引用
收藏
页码:639 / 660
页数:22
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