Politicians on Te Board of Directors : Do Connections Affect The Bottom Line ?  

Oleh:

Hillman, Amy J.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: JOM: Journal of Management vol. 31 no. 6 (Dec. 2005), page 464-481.
Topik: board of directors; boards of directors; politicians; board composition
Fulltext: 464.pdf (140.02KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ92.8 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Resource dependence theory emphasizes the importance of linking firms with external contingencies that create uncertainty and interdependence. A critical source of external interdependency and uncertainty for business is government. One way to link a firm to the government is appointing ex-politicians to the board of directors. This study compares the boards of two groups of firms - those from heavily and less regulated industries - and finds the former group has more politician directors. Firms with politicians on the board are associated with better market -based performance across both groups, although the relationship is more pronounced within heavily regulated industries.

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