When elites forget their duties: The double-edged sword of prestigious directors on boards

• Main Authors: OEHMICHEN, Jana, BRAUN, Daniel, WOLFF, Michael, YOSHIKAWA, Toru
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2017
• Subjects: Corporate elite; Corporate governance; Director network; Institutions; Prestigious directors; Business Law, Public Responsibility, and Ethics; Organizational Behavior and Theory; Strategic Management Policy
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research_all/22; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1027&context=lkcsb_research_all
• Institution: Singapore Management University

Previous research indicates that the performance effect of prestigious directors is ambiguous. Our study addresses this issue by integrating the theoretical lens of board capital and the institutional perspective. We argue that prestigious directors can bring benefits as well as costs. We claim that...