Board structure and international political risk

• 成果类型: Article
• 署名作者: Ellstrand, AE; Tihanyi, L; Johnson, JL
• 署名单位: University of Arkansas System; University of Arkansas Fayetteville; University of Oklahoma System; University of Oklahoma - Norman
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/3069310
• 发表日期: 2002
• 页码: 769-777
• 关键词: ORGANIZATIONAL PERFORMANCE; CEO DUALITY; DIRECTORS; OWNERSHIP; diversity; strategy; firm; diversification; involvement; governance

摘要

Applying the agency theory perspective, we examined the relationship between board structure and the average political risk of firms' international manufacturing operations in a sample of 95 manufacturing firms from the Fortune 500. Our results indicate an association between board composition, CEO duality, and the level of international political risk present in a corporation's portfolio of foreign direct investment.