THE EFFECTS OF BOARD SIZE AND DIVERSITY ON STRATEGIC CHANGE

被引:575
作者
GOODSTEIN, J
GAUTAM, K
BOEKER, W
机构
[1] ST LOUIS UNIV,SCH BUSINESS & ADM,ST LOUIS,MO 63103
[2] COLUMBIA UNIV,GRAD SCH BUSINESS,NEW YORK,NY 10027
关键词
BOARD OF DIRECTORS; STRATEGIC CHANGE;
D O I
10.1002/smj.4250150305
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study examines an important potential conflict between the institutional, governance, and strategic functions of boards. We specifically test how higher levels of board size and diversity, traditionally associated with optimal institutional and governance performance of boards, affect the board's ability to initiate strategic changes during periods of environmental turbulence. Our findings suggest that board diversity, in particular, may be a significant constraint on strategic change.
引用
收藏
页码:241 / 250
页数:10
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