CEO outside directorships and managerial efficiency: The role of host board capital
作者： Canan C. Mutlu , Sunay Mutlu , Steve Sauerwald
DOI: 10.1111/CORG.12337
关键词:
摘要: Research Question/Issue Do CEO outside board directorships improve or reduce managerial efficiency? What is the role of host capital in this relationship? Findings/Insights We explore value on efficiency by identifying a unique empirical setting where CEO's number seats exogenously decreased merger that eliminates firm serving on. Using event as our instrument, we find decrease while reduces effect. Theoretical/Academic Implications Proponents view service valuable leadership development tool to mentor others promulgating an agency argue detracts from ability home it leads busyness CEO. shed light debate arguing might efficiency; however, effect be contingent characteristics board. Practitioner/Policy Our findings offer insights practitioners about multiple and importance informing policy makers potential restrictions assignments.
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