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Essays on Formal and Informal Structures in Corporate Boards

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In my dissertation, I investigate how formal and informal structures within the board can affect key board outcomes. While each chapter introduces a relatively under-recognized player in the governance space—compensation consultants (Chapter 1), multi-committee directors (Chapter 2), and executive chairmen (Chapter 3)—the main theme connecting all three centers on the pivotal role that board committees command in shaping board decision-making. Either featuring prominently in the foreground or complementing other governance mechanisms in the background, board committees remain an important factor that scholars should account for in future governance research. As evidenced through three different empirical settings—which feature three different datasets, four distinct types of empirical methods, and a mix of both qualitative and quantitative analysis—there remains much to be studied in the corporate governance landscape.

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