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Boards of Directors and Corporate Financial Performance: A Review and Integrative Model
Abstract
This article synthesizes empirical researchfindings on the impact of boards of directors on corporate financial performance. An integrative model of board attributes and roles is presented, and research support on their links is discussed. The review identifies critical short-comings of past studies and concludes by offering an agenda for future studies in this promising area of empirical research.
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Cited by
Theory and research in strategic management: Swings of a pendulum
Hoskisson, R. E., Hitt, M. A., Wan, W. P., & Yiu, D. (1999) · Journal of Management · doi:10.1177/014920639902500307 · Cited by 1,364
Hou, T. C. (2019) · Corporate Social Responsibility and Environmental Management · doi:10.1002/csr.1647 · Cited by 290
Exceptional boards: Environmental experience and positive deviance from institutional norms
Walls, J. L., & Hoffman, A. J. (2013) · Journal of Organizational Behavior · doi:10.1002/job.1813 · Cited by 221
Better safe than sorry. Bank corporate governance, risk-taking, and performance
Brogi, M., & Lagasio, V. (2022) · Finance Research Letters · doi:10.1016/j.frl.2021.102039 · Cited by 45
Velez-Calle, A. (2018) · No Publisher Supplied · doi:10.7282/t3-8zsd-a782 · Cited by 4
Artificial intelligence (AI) and corporate governance: Evidence from board size
Chatjuthamard, P., Jiraporn, P., & Lee, S. M. (2026) · Journal of Behavioral and Experimental Finance · doi:10.1016/j.jbef.2026.101144 · Cited by 4
Metadata
- Authors
- Zahra, S. A., & Pearce, J. A.
- Venue
- Journal of Management
- Publisher
- SAGE Publications
- Published
- 1989-06
- Volume
- 15
- Issue
- 2
- Pages
- 291-334
- ISSN
- 0149-2063 (ISSN-L)
- 1557-1211
- OpenAlex
- W2044499836
- Cited by
- 2,671
- References
- 0
- FWCI
- 29.35
- Type
- journal article
- Language
- en
- Open access
- closed
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