Board members' contribution to strategic decision-making in small firms

被引：62
|
作者：
Pugliese A. [1 ]
Wenstøp P.Z. [2 ]
机构：
[1] Dipartimento di Economia Aziendale, Università degli Studi di Napoli Federico II, Naples 80122
[2] Department of Innovation and Organization Economics, BI Norwegian School of Management, Oslo
来源：
Journal of Management & Governance | 2007年 / 11卷 / 4期
关键词：
Board of directors; Board strategic involvement; Corporate governance; Small firms;
D O I：
10.1007/s10997-007-9036-3
中图分类号：
学科分类号：
摘要：
This article explores how the boards of small firms actually undertake to perform strategic tasks. Board strategic involvement has seldom been investigated in the context of small firms. We seek to make a contribution by investigating antecedents of board strategic involvement. The antecedents are "board working style" and "board quality attributes", which go beyond the board composition features of board size, CEO duality, the ratio of non-executive to executive directors and ownership. Hypotheses were tested on a sample of 497 Norwegian firms (from 5 to 30 employees). Our results show that board working style and board quality attributes rather than board composition features enhance board strategic involvement. Moreover, board quality attributes outperform board working style in fostering board strategic involvement. © 2007 Springer Science+Business Media, LLC.
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页码：383 / 404
页数：21
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