Shoot for the stars? Predicting the recruitment of prestigious directors at newly public firms

• Main Authors: ACHARYA, Abhijith G., POLLOCK, Timothy G.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2013
• Subjects: board of directors; homophily; IPO; power; signaling; status; Business; Strategic Management Policy
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/3542; https://ink.library.smu.edu.sg/context/lkcsb_research/article/4541/viewcontent/shootfor.pdf
• Institution: Singapore Management University

This study explores how CEOs' and outside directors' desires for the benefits of signaling and homophily intertwine with their concerns over maintaining power and preserving local status hierarchies to affect the likelihood a firm recruits prestigious outside directors to its board. Using...