Doctoral Dissertation Research: Corporate Board Interlocks: Information, Status, and Institutional Context

博士论文研究：公司董事会连锁：信息、现状和制度背景

• 批准号: 1332034
• 负责人: Steve McDonald
• 金额: $ 0.43万
• 依托单位: North Carolina State University
• 依托单位国家: 美国
• 项目类别: Standard Grant
• 财政年份: 2013
• 资助国家: 美国
• 起止时间: 2013-09-15 至 2014-08-31
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=1332034&HistoricalAwards=false
• 关键词: Doctoral; Dissertation; Research; Corporate; Board

SES-1332034Steve McDonaldRichard BentonNorth Carolina State University The investigators will study how corporate governance is structurally and institutionally embedded, focusing on the network of board interlocks, inter-organizational ties that form when a corporate director or CEO sits on the board of another firm. The investigators will analyze how corporate governance and board interlocks co-evolve. Specifically, they will study the mutual occurrence of four mechanisms that operate in the coevolution of director interlocks and corporate governance. These mechanisms are diffusion, selection, endogenous network mechanisms, and institutional change. The major research questions are: How do director interlocks spread governance conceptions between firms? and How do existing governance conceptions influence the selection of new directors? Examining each of these mechanisms in concert will provide a holistic picture of corporate governance and board interlocks. Moreover, the study will contribute considerable theoretical insights into issues of organizational change, the effects of legal environments, and micro-macro level interactions. The analysis will use network panel data on board ties and governance provisions for six time points between 1998 and 2006 and recently developed stochastic actor based models. Broader Impacts Research findings will advance theory and research on corporate governance and interlock networks across firms. The findings will be of interest to scholars and policy makers working on issues related to shareholder value and corporate governance. By specifying the mechanisms and conditions under which firms allocate internal power, the research could potentially help policy-makers better design interventions that promote transparency and accountability in corporate governance. Further, the study offers the first application of panel-based network analytic techniques (via stochastic actor-oriented modeling) to the study of dynamic interlocking corporate directorships. The data are gathered from public sources and the analysis will be made available to the scholarly and applied research through an online repository. The investigators will issue a press-release upon research completion through the University news services office.

调查人员将研究公司治理是如何在结构和制度上嵌入的，重点是董事会连锁网络，当公司董事或首席执行官在另一家公司的董事会任职时形成的组织间联系。调查人员将分析公司治理和董事会连锁如何共同发展。具体而言，他们将研究在董事连锁和公司治理的共同进化中运作的四种机制的相互发生。这些机制是扩散、选择、内生网络机制和制度变迁。 主要的研究问题是：董事连锁如何在公司间传播治理理念？现有的公司治理理念如何影响新董事的选择？ 对这些机制的逐一研究将有助于全面了解公司治理和董事会的相互关联。此外，这项研究将有助于相当多的理论见解的问题，组织变革，法律的环境的影响，和微观宏观层面的相互作用。 分析将使用网络面板数据的董事会关系和治理规定的六个时间点之间的1998年和2006年，最近开发的随机演员为基础的模型。研究结果将推进公司治理理论和研究，并在公司之间建立连锁网络。研究结果将对研究股东价值和公司治理相关问题的学者和政策制定者感兴趣。通过具体说明公司分配内部权力的机制和条件，这项研究可能有助于决策者更好地设计干预措施，促进公司治理的透明度和问责制。此外，该研究提供了第一个应用面板为基础的网络分析技术（通过随机面向行动者的建模）的动态联锁公司董事的研究。这些数据是从公共来源收集的，分析结果将通过一个在线储存库提供给学术和应用研究。研究人员将通过大学新闻服务办公室在研究完成后发布新闻稿。