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Boards of directors and firm performance : is there an expectations gap?
Author(s)
Date Issued
2006-11
Date Available
2011-04-26T09:19:16Z
Abstract
Reflecting investor expectations, most prior corporate governance research attempts to find a relationship between boards of directors and firm performance. This paper critically examines the premise on which this research is based. An expectations gap approach is applied for the first time to implicit expectations which assume a relationship between firm performance and company boards. An expectations gap has two elements: A reasonableness gap and a performance gap. Seven aspects of boards are identified as leading to a reasonableness gap. Five aspects of boards are identified as leading to a performance gap. The paper concludes by suggesting avenues for empirically testing some of the concepts discussed in this paper.
Sponsorship
Not applicable
Type of Material
Journal Article
Publisher
Wiley-Blackwell
Journal
Corporate Governance: An International Review
Volume
14
Issue
6
Start Page
577
End Page
593
Copyright (Published Version)
2006 The Author; Journal compilation: 2006 Blackwell Publishing
Subject – LCSH
Boards of directors
Success in business
Corporations--Investor relations
Corporate governance
Language
English
Status of Item
Peer reviewed
ISSN
1467-8683
This item is made available under a Creative Commons License
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04_18 Brennan Boards of Directors and Firm Performance Is there an Expectations Gap.pdf
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227.05 KB
Format
Adobe PDF
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