Effects of Board Social Capital on Corporate Performance: Evidence from Russia

Increasingly, researchers, studying board of directors' characteristics, are coming to understanding that connections and relationships that directors establish with internal and external stakeholders have a certain value for the company. Board's connections and relationships are considered in terms of concept of social capital of the board of directors. This study is focused on such an element of board social capital, as multiple directorship positions. Based on the existing studies in this field, research hypothesis were formulated and empirical study was conducted in order to set the relationship between multiple directorship positions and performance of the companies.