2001/08/01 by M. A. Carpenter, Mason A. Carpenter, J. D. Westphal +1 · 1,248 citations
Business, Management and Accounting · #Business #Business Strategy and Innovation #Computer science #Context (archaeology) #Customer Service Quality and Loyalty #Economics #Innovation and Knowledge Management #Knowledge management #Management #Marketing #Political science #Process management #Public relations #Strategic management #Strategic planning
paper · doi:10.2307/3069408
published in Academy of Management Journal 44(4), 639-660 (Academy of Management)
openalex publication_date 2001/08/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
This study examines how external network ties determine a board's ability to contrib-ute to the strategic decision making process. Although the simple number of director appointments to other boards does not affect board monitoring or advice on strategy, appointments that can provide directors with relevant strategic knowledge and per-spective do predict such involvement. In effect, the strategic context of social network ties, not simply the number of ties, is an important influence on corporate governance. Increased research attention is being devoted to the influence of corporate board members on im-portant organizational outcomes. According to agency theorists, effective boards independently monitor strategic challenges facing a firm and eval-uate management's performance in addressing