Who's the Boss at the Top? A Micro-Level Analysis of Director Expertise, Status and Conformity Within BoardsVeltrop, D. B., Molleman, E., Hooghiemstra, R. B. H. & van Ees, H., Nov-2017, In : Journal of Management Studies. 54, 7, p. 1079-1110 32 p.
Research output: Contribution to journal › Article › Academic › peer-review
In this paper we address how director expertise impacts a director's social status and conformity within the board. Our results, derived from two unique multi-source datasets of peer ratings on director status and conformity of non-executive directors from Dutch organizations, indicate that industry-specific expertise and financial expertise differently impact directors' social status and influence within the board. We find that directors' individual performance orientation - the motivation to demonstrate expertise - acts as an important contingency for expertise to increase directors' status within the board. Additional analyses using archival data and interviews with non-executive directors substantiate our findings and provide additional insight into the dynamics operating within boards. This study extends existing research on boards of directors and provides unique micro-level insights into the boardroom dynamics that connect director expertise to director status and conformity within boards.
|Number of pages||32|
|Journal||Journal of Management Studies|
|Early online date||25-May-2017|
|Publication status||Published - Nov-2017|
- conformity, expertise, individual performance orientation, non-executive directors, social status, FINANCIAL-REPORTING QUALITY, STRATEGIC DECISION-MAKING, CORPORATE GOVERNANCE, GOAL ORIENTATION, AUDIT COMMITTEES, SOCIAL-INFLUENCE, INTERRATER RELIABILITY, INFLUENCE TACTICS, NETWORK TIES, FACE GROUPS