Stakeholders and corporate boards: Institutional influences on board composition and structure

Authors
Luoma, P Goodstein, J
Citation
P. Luoma et J. Goodstein, Stakeholders and corporate boards: Institutional influences on board composition and structure, ACAD MGMT J, 42(5), 1999, pp. 553-563
Citations number
38
Categorie Soggetti
Management
Journal title
ACADEMY OF MANAGEMENT JOURNAL
ISSN journal
00014273 → ACNP
Volume
42
Issue
5
Year of publication
1999
Pages
553 - 563
Database
ISI
SICI code
0001-4273(199910)42:5<553:SACBII>2.0.ZU;2-1
Abstract
This study examined the relationships between institutional influences and stakeholder representation on boards of directors. Data from 224 companies over the period 1984-94 were employed. Results indicate that variations in legal environments, industry regulation, and firm size are associated with stakeholder representation on boards but do not influence stakeholder repre sentation on key board committees. Legal environments and firm size are ass ociated with the adoption of stakeholder-oriented board committees.