DMCA
The strategic context of external network ties: Examining the impact of director appointments on board involvement in strategic decision making
| Venue: | Academy of Management Journal |
| Citations: | 93 - 1 self |
BibTeX
@ARTICLE{Carpenter_thestrategic,
author = {Mason A. Carpenter and James D. Westphal},
title = {The strategic context of external network ties: Examining the impact of director appointments on board involvement in strategic decision making},
journal = {Academy of Management Journal},
year = {},
pages = {639--660}
}
Share
 |
 |
 |
 |
||
OpenURL
Abstract
This study examines how external network ties determine a board's ability to contrib-ute to the strategic decision making process. Although the simple number of director appointments to other boards does not affect board monitoring or advice on strategy, appointments that can provide directors with relevant strategic knowledge and per-spective do predict such involvement. In effect, the strategic context of social network ties, not simply the number of ties, is an important influence on corporate governance. Increased research attention is being devoted to the influence of corporate board members on im-portant organizational outcomes. According to agency theorists, effective boards independently monitor strategic challenges facing a firm and eval-uate management's performance in addressing
Keyphrases
external network tie director appointment strategic context strategic decision making board involvement im-portant organizational outcome predict involvement simple number strategic decision agency theorist corporate board member important influence board monitoring corporate governance strategic challenge effective board eval-uate management social network tie relevant strategic knowledge research attention
