Director independence or decision bias? An investigation of alternative sources of agency costs in board decision making
Al-Zoubi, Abdallah Bader Mahmoud (2015) Director independence or decision bias? An investigation of alternative sources of agency costs in board decision making. PhD thesis, Queensland University of Technology.
Research into boards traditionally focuses on independent monitoring of management, with studies focused on the effect of board independence on firm performance. This thesis aims to broaden the research tradition by consolidating prior research and investigating how agents may circumvent independent monitoring. Meta-analysis of previous board independence-firm performance studies indicated no systematic relationship between board independence and firm performance. Next, a series of experiments demonstrated that the presentation of recommendations to directors may bias decision making irrespective of other information presented and the independence of the decision maker. Together, results suggest that independence may be less important than the agent's motivation to misdirect the monitoring process.
Impact and interest:
Citation counts are sourced monthly from and citation databases.
These databases contain citations from different subsets of available publications and different time periods and thus the citation count from each is usually different. Some works are not in either database and no count is displayed. Scopus includes citations from articles published in 1996 onwards, and Web of Science® generally from 1980 onwards.
Citations counts from theindexing service can be viewed at the linked Google Scholar™ search.
Full-text downloads displays the total number of times this work’s files (e.g., a PDF) have been downloaded from QUT ePrints as well as the number of downloads in the previous 365 days. The count includes downloads for all files if a work has more than one.
|Item Type:||QUT Thesis (PhD)|
|Supervisor:||Nicholson, Gavin & Hutchinson, Marion|
|Keywords:||Corporate Governance, Agency Costs, Board of Directors, Board Independence, Behavioural Decision Making, Decision Bias, Anchoring Effect, Australia, Meta-analysis, Experiment|
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Accountancy
|Institution:||Queensland University of Technology|
|Deposited On:||16 Dec 2015 05:24|
|Last Modified:||16 Dec 2015 05:24|
Repository Staff Only: item control page