Stay or Leave: Director Identities and Voluntary Exit from the Board During Organizational Crisis

• 成果类型: Article
• 署名作者: Withers, Michael C.; Corley, Kevin G.; Hillman, Amy J.
• 署名单位: Texas A&M University System; Texas A&M University College Station; Mays Business School; Arizona State University; Arizona State University-Tempe
• 刊物名称: ORGANIZATION SCIENCE
• ISSN/ISSBN: 1047-7039
• DOI: 10.1287/orsc.1110.0660
• 发表日期: 2012
• 页码: 835-850
• 关键词: Boards of directors; IDENTITY; organizational crisis; Director turnover

摘要

Directors may play their most important role during organizational crisis; however, extant research suggests that they are often more willing to exit than remain on the board of a firm facing a crisis. We develop theory regarding directors' voluntary exit by integrating insights from identity theories with the organizational crises literature. Specifically, we model how directors' individual, relational, and collective identities work sometimes in concert and other times in opposition to each other to influence directors' voluntary decisions to remain on or exit from a board facing an organizational crisis.