A LITTLE HELP HERE? BOARD CONTROL, CEO IDENTIFICATION WITH THE CORPORATE ELITE, AND STRATEGIC HELP PROVIDED TO CEOS AT OTHER FIRMS

• 成果类型: Article
• 署名作者: McDonald, Michael L.; Westphal, James D.
• 署名单位: State University System of Florida; University of Central Florida; University of Michigan System; University of Michigan
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/AMJ.2010.49389006
• 发表日期: 2010
• 页码: 343-370
• 关键词: ORGANIZATIONAL IDENTIFICATION; procedural justice; social identity; ADVICE NETWORKS; self; DIRECTORS; MODEL; involvement; governance; BEHAVIOR

摘要

This study contributes to the corporate governance literature by demonstrating how greater board of director control of management at a given firm can have unanticipated adverse effects on the leadership of other companies. We specifically show that greater board control reduces affected CEOs' willingness to provide various forms of strategic help (e.g., advice on strategic issues) to other CEOs, making it more difficult for other-company CEOs to access assistance on strategic matters that would otherwise enhance their firms' performance. Our theory and results indicate that these effects are mediated by CEOs' reduced social identification with the corporate elite.