Integrating agency and resource dependence theory : firm profitability, industry regulation, and board task performance
Pugliese, Amedeo, Minichilli, Alessandro, & Zattoni, Alessandro (2013) Integrating agency and resource dependence theory : firm profitability, industry regulation, and board task performance. Journal of Business Research, 67, pp. 1189-1200.
Boards of directors are key governancemechanisms in organizations and fulfill twomain tasks:monitoringmanagers and firm performance, and providing advice and access to resources. In spite of a wealth of researchmuch remains unknown about how boards attend to the two tasks. This study investigates whether organizational (firm profitability) and environmental factors (industry regulation) affect board task performance. The data combine CEOs' responses to a questionnaire, and archival data from a sample of large Italian firms. Findings show that past firm performance is negatively associatedwith board monitoring and advice tasks; greater industry regulation enhances perceived board task performance; board monitoring and advice tasks tend to reinforce each other, despite their theoretical and practical distinction.
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|Item Type:||Journal Article|
|Keywords:||Board accountability, Board task performance, Resource dependency theory board monitoring, Attention based view, Contingency view|
|Subjects:||Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000)|
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Accountancy
|Copyright Owner:||Copyright 2013 Elsevier Inc. United States|
|Deposited On:||05 Jun 2013 01:20|
|Last Modified:||04 Jul 2016 06:54|
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