Abstract
Research in corporate governance has long considered the interlocking nature of corporate directorships. We model the characteristics of executives who secure outside directorships at other firms as well as characteristics of their home firms and those of the firms they join. We view the securing of outside directorships as a sequential process, one in which the first outside directorship is an influential predictor of both the likelihood of joining another board as well as the characteristics of subsequent boards for those who join them. Moreover, we model the interconnectedness between the executive's home firm and any boards they join. In general, our evidence suggests that aspects of first outside directorships are important in understanding characteristics of subsequent outside directorships. In addition, our evidence suggests that interpersonal networks may not be as influential in the director selection process as previously thought.
Original language | English (US) |
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Title of host publication | Academy of Management 2008 Annual Meeting: The Questions We Ask, AOM 2008 |
State | Published - 2008 |
Externally published | Yes |
Event | 68th Annual Meeting of the Academy of Management, AOM 2008 - Anaheim, CA, United States Duration: Aug 8 2008 → Aug 13 2008 |
Other
Other | 68th Annual Meeting of the Academy of Management, AOM 2008 |
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Country/Territory | United States |
City | Anaheim, CA |
Period | 8/8/08 → 8/13/08 |
Keywords
- Boards of directors
- Governance
- Networks
ASJC Scopus subject areas
- Management Information Systems
- Management of Technology and Innovation