Bringing owners back on board : a review of the role of ownership type in board governance
Federo, Ryan (Universitat de les Illes Balears)
Ponomareva, Yuliya (Universitat Autònoma de Barcelona. Departament d'Empresa)
Aguilera, Ruth V. (Northeastern University)
Saz-Carranza, Angel (Universitat Ramon Llull. Escola Superior d'Administració i Direcció d'Empreses Esade)
Losada i Marrodán, Carles (Universitat Ramon Llull. Escola Superior d'Administració i Direcció d'Empreses Esade)

Data:	2020
Resum:	Research Question/Issue In this comprehensive literature review, we synthesize and analyze the current state of academic research regarding the relatively understudied relationship between the type of owners and board governance. Research Findings/Insights Our review of the existing literature at the intersection of ownership and board governance research discusses how six distinct ownership types pertaining to family, lone founder, corporation, institutional investor, state, and venture capitalista shape board governance, defined as board structure, composition, and processes. We also uncover the influence of ownership type on board functional performance (i. e. , monitoring, resource provision, and strategic involvement) and the implications of these owner-board relationships for a variety of firm outcomes (related to performance and compliance). Theoretical/Academic Implications We present identifiable patterns in board governance and functional performance associated with each ownership type and their respective implications for a wide range of firm outcomes. We then propose seven core emerging themes that deserve further scholarly attention. Practitioner/Policy Implications Our analysis cautions against the application of the "one-size-fits-all" best-practices approach in board governance advocated by policy makers, scholars, and corporate governance activists and underscores the need to consider the contingent effects of different owners' behaviors and interests in shaping and assessing board governance.
Ajuts:	Agencia Estatal de Investigación ECO2017-86305-C4-2-R Agència de Gestió d'Ajuts Universitaris i de Recerca 2017/SGR-1556
Drets:	Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, la comunicació pública de l'obra i la creació d'obres derivades, fins i tot amb finalitats comercials, sempre i quan es reconegui l'autoria de l'obra original.
Llengua:	Anglès
Document:	Article ; recerca ; Versió publicada
Matèria:	Strategy ; Corporate governance ; International organizations ; QCA ; Social responsibility
Publicat a:	Corporate governance, ISSN 1467-8683

DOI: 10.1111/corg.12346

24 p, 3.8 MB

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