Webbläsaren som du använder stöds inte av denna webbplats. Alla versioner av Internet Explorer stöds inte längre, av oss eller Microsoft (läs mer här: * https://www.microsoft.com/en-us/microsoft-365/windows/end-of-ie-support).

Var god och använd en modern webbläsare för att ta del av denna webbplats, som t.ex. nyaste versioner av Edge, Chrome, Firefox eller Safari osv.

The board as a team and its contribution to corporate innovation

In English

Författare

  • Morten Huse
  • Jonas Gabrielsson

Summary, in English

In this paper we present a study of the value creating contribution of boards of directors by examining the association between the boardroom culture, boards’ strategic involvement and corporate innovation. We embed our study in theoretical arguments from modern team production theory and contrast this perspective against the dominating agency theoretic view on boards and governance. Based on our team production framework, we conjecture that an open and generous process-oriented boardroom culture is associated with boards’ involvement in the whole strategy process. In contrast, we believe that the agency theoretic notion of a critical and questioning decision-oriented boardroom culture is associated with arms-length strategy ratification and control. Moreover, we expect boards to contribute to corporate innovation when they are involved in the whole strategic decision making process and not only in arms-length strategy ratification and control. We test our hypotheses on a sample of Norwegian medium-sized corporations. In short, our empirical findings give ample support for our theoretical predictions. The article ends with a discussion of our results.

Avdelning/ar

Publiceringsår

2007

Språk

Engelska

Dokumenttyp

Konferensbidrag

Ämne

  • Social Sciences Interdisciplinary

Status

Unpublished