Abstract
The role of boards of directors in shaping corporate strategy has increased in importance in recent years. However, evidence suggests that boards differ significantly in their involvement in the strategic arena. In this study of 139 Fortune manufacturing and service corporations we identify sources of variations in level of board strategic involvement. Boards that have a majority of insiders, whose directors possess significant expertise in the firm's major industry, and whose internal operations are efficient are more involved in the strategic process.
Original language | English (US) |
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Pages (from-to) | 164-173 |
Number of pages | 10 |
Journal | European Management Journal |
Volume | 8 |
Issue number | 2 |
DOIs | |
State | Published - Jun 1990 |
Bibliographical note
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