The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
The Role of the Board in Firm Strategy: integrating agency and organisational control perspectives
Open accessAbstract
The role of the board of directors in firm strategy has long been the subject of debate. However, research efforts have suffered from several deficiencies: the lack of an overarching theoretical perspective, reliance on proxies for the strategy role rather than a direct measure of it and the lack of quantitative data linking this role to firm financial performance. We propose a new theoretical perspective to explain the board's role in strategy, integrating organisational control and agency theories. We categorise a board's approach to strategy according to two constructs: strategic control and financial control. The extent to which either construct is favoured depends on contextual factors such as board power, environmental uncertainty and information asymmetry.
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Citations
Cites
Agency Theory: An Assessment and Review
Eisenhardt, K. M. (1989) · The Academy of Management Review · doi:10.5465/amr.1989.4279003 · Cited by 13,338
Organizational Strategy, Structure, and Process
Miles, R. E., Snow, C. C., Meyer, A. D., & Coleman, H. J. (1978) · Academy of Management Review · doi:10.5465/amr.1978.4305755 · Cited by 4,527
Power in Top Management Teams: Dimensions, Measurement, and Validation
Finkelstein, S. (1992) · Academy of Management Journal · doi:10.5465/256485 · Cited by 2,389
Metadata
- Authors
- Hendry, K., & Kiel, G. C.
- Venue
- Corporate Governance: An International Review
- Publisher
- Wiley
- Published
- 2004-10
- Volume
- 12
- Issue
- 4
- Pages
- 500-520
- ISSN
- 0964-8410 (ISSN-L)
- 1467-8683
- OpenAlex
- W2143906639
- Cited by
- 317
- References
- 3
- FWCI
- 19.52
- Type
- journal article
- Language
- en
- Open access
- bronze
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- Hendry, K., & Kiel, G. C. (2004). The Role of the Board in Firm Strategy: integrating agency and organisational control perspectives. Corporate Governance: An International Review. https://doi.org/10.1111/j.1467-8683.2004.00390.x
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
