期刊
EUROPEAN MANAGEMENT JOURNAL
卷 32, 期 4, 页码 672-681出版社
ELSEVIER SCI LTD
DOI: 10.1016/j.emj.2013.10.002
关键词
CEO; Board; Duality; Board diversity; Innovation
An evolutionary perspective on CEO-board relations suggests that CEO objectives and interests change over time, and that board roles should shift accordingly, from CEO leadership development during the early stages of CEO time in office toward monitoring during the latest stages. This study examines how two board characteristics, board leadership structure and board diversity, shape innovation investment among Italian firms. Empirical results support the hypothesized effects, suggesting that the board's effects are contingent upon CEO time in office. (C) 2013 Elsevier Ltd. All rights reserved.
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