Exploring the Political Side of Board Involvement in Strategy: a Study of Mixed-ownership Institutions
نویسندگان
چکیده
Our article reports findings from a comparative study of strategic decision-making and board functioning in nine firms. Findings from our study indicate that the heterogeneity of interests represented in the board, members’ possession of relevant knowledge, and the presence of ex-ante conflict resolution mechanisms combine in shaping if and how board members engage in strategyrelated activities and how strategic decisions are taken. Our findings extend current understandings about the strategic functions of the board (monitoring, advice, and resource-dependence), suggesting how, under certain conditions, boards may act as negotiation forums where directors search for a reconciliation between diverging shareholders’ interests and views.
منابع مشابه
Explain the role of financial knowledge of board members and CEO independence on the quality of accounting information in companies listed on the Tehran Stock Exchange
Among the main factors in creating fundamental changes in the economic environment of Iran, we can name the generalization of ownership of economic enterprises, financing through public participation and privatization of public sectors and economic enterprises. In such circumstances, the transparency and good quality of financial information, which is the basis of optimal economic decisions of ...
متن کاملImpact of Institutional Ownership and Board Independence on the Relationship Between Excess Free Cash Flow and Earnings Management
However, the free cash flows scale is important for the financial health of the company, but it has also its own limitations. Moreover, it’s not immune from accounting tricks. Free cash flows can be considered as a measure of value for shareholders of listed companies on Tehran Stock Exchange. The managers of these companies have tended to use the earnings management for managing the free cash ...
متن کاملThe Role of Corporate Governance in Preventing Bankruptcy: a Case of Tehran Stock Exchange
The aim of this study is to investigate the effects of corporate governance mechanisms in preventing the bankruptcy of companies listed in Tehran Stock Exchange. For this purpose, corporate governance mechanisms, including institutional ownership, non-executive members of the board, CEO dual responsibility and free float stock are determined as independent variables and Bankruptcy based on the ...
متن کاملThe Role of Corporate Governance in Preventing Bankruptcy: a Case of Tehran Stock Exchange
The aim of this study is to investigate the effects of corporate governance mechanisms in preventing the bankruptcy of companies listed in Tehran Stock Exchange. For this purpose, corporate governance mechanisms, including institutional ownership, non-executive members of the board, CEO dual responsibility and free float stock are determined as independent variables and Bankruptcy based on the ...
متن کاملآزمون ارتباط مدل های راهبری شرکتی با فرار مالیاتی و ارائه الگوی منتخب
This article aims to design a model for the relationship between corporate governance and tax evasion. In this regard, important variables of corporate governance such as Percentage of non-executive board members, percentage of ownership of institutional investors, percentage of managerial ownership, presence of auditor and Board Bonus were considered as corporate governance measures. The stati...
متن کامل