THE RELATIVE POWER OF CEOS AND BOARDS OF DIRECTORS - ASSOCIATIONS WITH CORPORATE PERFORMANCE

被引：282
作者：
PEARCE, JA
ZAHRA, SA
机构：
[1] School of Business Administration, George Mason University, Fairfax, Virginia
来源：
STRATEGIC MANAGEMENT JOURNAL | 1991年 / 12卷 / 02期
关键词：
D O I：
10.1002/smj.4250120205
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
A typology of the relative powers of the chief executive officer and the board of directors was derived based on the literature, highlighting four situations: Caretaker, Statutory, Proactive and Participative boards. Data collected from Fortune 500 Industrial and Fortune 500 Service corporations supported the typology. The results showed significant differences among the four board types in their characteristics, internal process, decision‐making styles, board effectiveness, and contribution to company performance. Powerful boards were associated with superior corporate financial performance. Copyright © 1991 John Wiley & Sons, Ltd.
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页码：135 / 153
页数：19
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