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dc.contributor.authorLevrau, Abigail
dc.contributor.authorVan den Berghe, Lutgart
dc.date.accessioned2017-12-02T14:24:00Z
dc.date.available2017-12-02T14:24:00Z
dc.date.issued2007
dc.identifier.urihttp://hdl.handle.net/20.500.12127/2267
dc.description.abstractMainstream research on boards of directors has been focusing on a direct relationship between board characteristics and firm performance, but up till now the results are inconclusive. Different reasons are put forward to explain this inconsistency, but it can be argued that ‘traditional' board research has been neglecting potential intervening variables. In this paper we present a process-oriented model for board effectiveness by relying on the corporate governance literature and the literature on group effectiveness. We follow the input-process-output approach to extract the significant variables from literature and integrate them into a research framework for studying board effectiveness. In particular, we identify three intervening variables (cohesiveness, debate and conflict norms) which we believe mediate the effects of board characteristics on board performance. The rationale for including these ‘process' variables is the belief that the interactions and relationships among board members determine to a large extent the collective outcomes of the board of directors. In this respect, the model goes beyond the traditional structural attributes of boards of directors to include behavioural or attitudinal measures of board effectiveness. It also highlights the need for a multi-disciplinary approach in empirical research on boards of directors.
dc.language.isoen
dc.subjectCorporate Governance
dc.titleCorporate governance and board effectiveness : beyond formalism
refterms.dateFOA2019-10-14T12:44:42Z
dc.source.issue3
dc.source.numberofpages40
vlerick.knowledgedomainGovernance & Ethics
vlerick.supervisor
vlerick.typecommWorking paper
dc.relation.urlhttp://public.vlerick.com/Publications/9cad361f-6aa9-e011-8a89-005056a635ed.pdf
dc.identifier.vperid26803
dc.identifier.vperid35906
dc.identifier.vpubid2535


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