Too many peas in a pod? How overlaps in directors’ local and global status characteristics influence board turnover in newly public firms

• Main Authors: ACHARYA, Abhijith G., POLLOCK, Timothy G.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2021
• Subjects: Board of Directors; Corporate Governance; Upper Echelons; Board Turnover; IPO; Status; Business; Business Law, Public Responsibility, and Ethics; Organizational Behavior and Theory
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/6674; https://ink.library.smu.edu.sg/context/lkcsb_research/article/7663/viewcontent/amj.2017.1144.pdf
• Institution: Singapore Management University

Drawing on status characteristics theory, we explore how boards’ social structures influence board turnover. We theorize that (1) understanding directors’ relative standing and spheres of influence in the local status hierarchy creates deference structures that reduce conflict and enhance stability,...