메뉴 건너뛰기




Volumn 10, Issue 1, 2004, Pages 14-24

Board structure and firm performance: Evidence from australia

Author keywords

Australia; Board structure; Corporate governance; Firm performance

Indexed keywords


EID: 33751573863     PISSN: 18333672     EISSN: None     Source Type: Journal    
DOI: 10.5172/jmo.2004.10.1.14     Document Type: Article
Times cited : (94)

References (68)
  • 2
    • 84989029823 scopus 로고
    • 'Top management and innovations in banking: Docs the composition of the top team make a difference?'
    • Bantel, KA & Jackson, SE 1989, 'Top management and innovations in banking: Docs the composition of the top team make a difference?' Strategic Management Journal, vol. 10, pp. 107-124.
    • (1989) Strategic Management Journal , vol.10 , pp. 107-124
    • Bantel, K.A.1    Jackson, S.E.2
  • 3
    • 0001990250 scopus 로고
    • 'The composition of board of directors and strategic control: effects on corporate strategy'
    • Baysinger B & Hoskisson RE 1990, 'The composition of board of directors and strategic control: effects on corporate strategy', Academy of Management Review, vol. 15, pp. 72-87.
    • (1990) Academy of Management Review , vol.15 , pp. 72-87
    • Baysinger, B.1    Hoskisson, R.E.2
  • 4
    • 0000452198 scopus 로고
    • 'Effects of board and ownership structure on corporate R&D strategy'
    • Baysinger B, Kosnik, R & Turk TA 1991, 'Effects of board and ownership structure on corporate R&D strategy', Academy of Management Journal, vol. 34, pp. 205-214.
    • (1991) Academy of Management Journal , vol.34 , pp. 205-214
    • Baysinger, B.1    Kosnik, R.2    Turk, T.A.3
  • 5
    • 21844526065 scopus 로고
    • 'Board committee membership: Effects of sex-based bias'
    • Bilimoria, D & Piderit, SK 1994, 'Board committee membership: Effects of sex-based bias', Academy of Management Journal, vol. 37, pp. 1453-1477.
    • (1994) Academy of Management Journal , vol.37 , pp. 1453-1477
    • Bilimoria, D.1    Piderit, S.K.2
  • 6
    • 0007415440 scopus 로고
    • 'Investigating the dimensions of social responsibility and the consequences for corporate financial performance'
    • Blackburn, VL, Doran, BM & Shrader, CB 1994, 'Investigating the dimensions of social responsibility and the consequences for corporate financial performance', Journal of Managerial Issues, vol. 6, pp. 195-212.
    • (1994) Journal of Managerial Issues , vol.6 , pp. 195-212
    • Blackburn, V.L.1    Doran, B.M.2    Shrader, C.B.3
  • 7
    • 0019638804 scopus 로고
    • 'Memory and aging: The Role of retrieval processes'
    • Burke, DM & Light LL 1981, 'Memory and aging: The Role of retrieval processes', Psychological Bulletin, vol. 90, pp. 513-546.
    • (1981) Psychological Bulletin , vol.90 , pp. 13-546
    • Burke, D.M.1    Light, L.L.2
  • 8
    • 77954630746 scopus 로고
    • 'Inkling-issues and observations'
    • Campbell, DP 1987, 'Inkling-issues and observations', Issues and Observations, vol. 7, no. 2, pp. 7-8.
    • (1987) Issues and Observations , vol.7 , Issue.2 , pp. 7-8
    • Campbell, D.P.1
  • 9
    • 15544387981 scopus 로고    scopus 로고
    • 'Convergence of corporate governance systems'
    • Carati, G. & Tourani Rad, Alircza 2000, 'Convergence of corporate governance systems', Managerial Finance, vol. 26, no. 10, pp. 66-83.
    • (2000) Managerial Finance , vol.26 , Issue.10 , pp. 66-83
    • Carati, G.1    Tourani, R.2    Alircza3
  • 10
    • 84980314941 scopus 로고
    • 'Corporate board size, composition and corporate failures in retailing industry'
    • Chaganti, RS, Mahajan V & Sharma, S 1985, 'Corporate board size, composition and corporate failures in retailing industry', Journal of Management Studies, vol. 22, pp. 400-417.
    • (1985) Journal of Management Studies , vol.22 , pp. 400-417
    • Chaganti, R.S.1    Mahajan, V.2    Sharma, S.3
  • 12
    • 0042350781 scopus 로고    scopus 로고
    • Three surveys on corporate governance'
    • Coombes, P & Watson, M 2000. 'Three surveys on corporate governance', McKinsey Quarterly, vol. 4, pp. 74-77.
    • (2000) McKinsey Quarterly , vol.4 , pp. 74-77
    • Coombes, P.1    Watson, M.2
  • 13
    • 0345986659 scopus 로고    scopus 로고
    • 'Women in the boardroom: Evidence from large UK companies'
    • Conyon, MJ & Mallin C 1997, 'Women in the boardroom: Evidence from large UK companies', Corporate Governance: An International Review, vol. 5, no. 3, pp. 112-117.
    • (1997) Corporate Governance: An International Review , vol.5 , Issue.3 , pp. 112-117
    • Conyon, M.J.1    Mallin, C.2
  • 15
    • 0031185192 scopus 로고    scopus 로고
    • 'Ownership structure and corporate performance: Australian evidence'
    • Craswell, AT, Taylor, SL & Saywell, RA 1997, 'Ownership structure and corporate performance: Australian evidence', Pacific-Basin Finance Journal, vol. 5, pp. 301-323.
    • (1997) Pacific-Basin Finance Journal , vol.5 , pp. 301-323
    • Craswell, A.T.1    Taylor, S.L.2    Saywell, R.A.3
  • 16
    • 0033414634 scopus 로고    scopus 로고
    • 'On the measurements of board composition: Poor consistency and a serious mismatch of theory and operationalization'
    • Daily, CM, Johnson, JL & Dalton, DR 1999, 'On the measurements of board composition: Poor consistency and a serious mismatch of theory and operationalization', Decision Sciences, vol. 30, no. l,pp. 83-106.
    • (1999) Decision Sciences , vol.30 , Issue.L , pp. 83-106
    • Daily, C.M.1    Johnson, J.L.2    Dalton, D.R.3
  • 18
    • 85132267563 scopus 로고
    • 'Composition and CEO duality in boards of directors: an international perspective'
    • Dalton, DR & Kesner, IF 1987, 'Composition and CEO duality in boards of directors: an international perspective', Journal of International Business Studies, vol. 18, no. 3, pp. 33-42.
    • (1987) Journal of International Business Studies , vol.18 , Issue.3 , pp. 33-42
    • Dalton, D.R.1    Kesner, I.F.2
  • 19
    • 0031521902 scopus 로고    scopus 로고
    • 'Toward a stewardship theory of management'
    • Davies, JH, Schoorman, FD & Donaldson, L 1997, 'Toward a stewardship theory of management', vol. 22, no. 1, pp. 20-47.
    • (1997) , vol.22 , Issue.1 , pp. 20-47
    • Davies, J.H.1    Schoorman, F.D.2    Donaldson, L.3
  • 20
    • 0000806744 scopus 로고
    • 'Agency problems and the theory of the firm'
    • Fama, E 1980, 'Agency problems and the theory of the firm', Journal of Political Economy, vol. 88, pp. 288-307.
    • (1980) Journal of Political Economy , vol.88 , pp. 288-307
    • Fama, E.1
  • 21
    • 0000172445 scopus 로고
    • 'Separation of ownership and control'
    • Fama, E & Jensen, M 1983, 'Separation of ownership and control'. Journal of Law and Economics, vol. 26, pp. 301-325.
    • (1983) Journal of Law and Economics , vol.26 , pp. 301-325
    • Fama, E.1    Jensen, M.2
  • 23
    • 0542445565 scopus 로고    scopus 로고
    • Director share ownership and corporate performance -Evidence from Australia'
    • Farrer, J & Ramsay, IM 1998, 'Director share ownership and corporate performance -Evidence from Australia', Corporate Governance: An International Review, vol. 6, no. 4, pp. 233-248.
    • (1998) Corporate Governance: An International Review , vol.6 , Issue.4 , pp. 233-248
    • Farrer, J.1    Ramsay, I.M.2
  • 25
    • 84937302875 scopus 로고
    • 'The twenty-first century boardroom: Who will be in charge?'
    • Firstenberg, PB & Malkiel, BG 1994, 'The twenty-first century boardroom: Who will be in charge?' Sloan Management Review, vol. 36, no. 1, pp. 27-35.
    • (1994) Sloan Management Review , vol.36 , Issue.1 , pp. 27-35
    • Firstenberg, P.B.1    Malkiel, B.G.2
  • 26
    • 0033247581 scopus 로고    scopus 로고
    • 'Cognition and corporate governance: Understanding boards of directors as strategic decision-making groups'
    • Forbes, DP & Milliken, FJ 1999, 'Cognition and corporate governance: Understanding boards of directors as strategic decision-making groups', Academy of Management Review, vol. 24, pp. 489-505.
    • (1999) Academy of Management Review , vol.24 , pp. 489-505
    • Forbes, D.P.1    Milliken, F.J.2
  • 28
    • 0001240280 scopus 로고    scopus 로고
    • Management and ownership effects: Evidence from five countries'
    • Gcdajlovic, ER & Shapiro, DM 1998, 'Management and ownership effects: Evidence from five countries', Strategic Management Journal, vol. 19, pp. 533-553.
    • (1998) Strategic Management Journal , vol.19 , pp. 533-553
    • Gcdajlovic, E.R.1    Shapiro, D.M.2
  • 29
    • 0037519426 scopus 로고    scopus 로고
    • When will boards influence strategy? Inclination x power = strategic change'
    • Golden, BR & Zajac, EJ 2001, 'When will boards influence strategy? Inclination x power = strategic change', Strategic Management Journal, vol. 22, pp. 1087-1111.
    • (2001) Strategic Management Journal , vol.2 , pp. 1087-1111
    • Golden, B.R.1    Zajac, E.J.2
  • 30
    • 84989059993 scopus 로고
    • The effects of board size and diversity on strategic change'
    • Goodstcin, J, Gautam, K & Boeker, W 1994, 'The effects of board size and diversity on strategic change', Strategic Management Journal, vol. 15, pp. 241-250.
    • (1994) Strategic Management Journal , vol.15 , pp. 241-250
    • Goodstcin, J.1    Gautam, K.2    Boeker, W.3
  • 31
    • 84973727137 scopus 로고
    • Does context affect staffing decision? The case of general managers'
    • Guthrie, JP & Olian, JD 1991, 'Does context affect staffing decision? The case of general managers', Personnel Psychology, vol. 44, pp. 263-292.
    • (1991) Personnel Psychology , vol.44 , pp. 263-292
    • Guthrie, J.P.1    Olian, J.D.2
  • 32
    • 0000194533 scopus 로고
    • Upper echelons: The organization as a reflection of its top managers'
    • Hambrick, DC & Mason, PA 1984, 'Upper echelons: The organization as a reflection of its top managers', Academy of Management Review, vol. 9, pp. 193-206.
    • (1984) Academy of Management Review , vol.9 , pp. 193-206
    • Hambrick, D.C.1    Mason, P.A.2
  • 34
    • 77953765798 scopus 로고    scopus 로고
    • Investment opportunities and leverage: Some Australian evidence on the role of board monitoring and director equity ownership'
    • Hutchinson, M & Gul, FA 2002, 'Investment opportunities and leverage: Some Australian evidence on the role of board monitoring and director equity ownership', Managerial Finance, vol. 28, no. 3, pp. 19-36.
    • (2002) Managerial Finance , vol.28 , Issue.3 , pp. 19-36
    • Hutchinson, M.1    Gul, F.A.2
  • 35
    • 84993848601 scopus 로고
    • The modern industrial revolution, exit, and the failure of internal control systems'
    • Jensen, M 1993, 'The modern industrial revolution, exit, and the failure of internal control systems', The Journal of Finance, vol. 48, pp. 831-880.
    • (1993) The Journal of Finance , vol.48 , pp. 831-880
    • Jensen, M.1
  • 36
    • 0026940375 scopus 로고
    • Institutional and strategic choice perspectives on board involvement in the strategic decision processes'
    • Judge, W & Zeithaml, C 1992, 'Institutional and strategic choice perspectives on board involvement in the strategic decision processes', Academy of Management Journal, vol. 35, pp. 766-794.
    • (1992) Academy of Management Journal , vol.35 , pp. 766-794
    • Judge, W.1    Zeithaml, C.2
  • 37
    • 0038236493 scopus 로고    scopus 로고
    • Board composition and corporate performance: How the Australian experience informs contrasting theories of corporate governance'
    • Kiel, GC & Nicholson, GJ 2003, 'Board composition and corporate performance: How the Australian experience informs contrasting theories of corporate governance', Corporate Governance: An International Review, vol. 11, no. 3, pp. 189-205.
    • (2003) Corporate Governance: An International Review , vol.11 , Issue.3 , pp. 189-205
    • Kiel, G.C.1    Nicholson, G.J.2
  • 38
    • 84934561624 scopus 로고
    • Greenmail: A study of board performance in corporate governance'
    • Kosnik, R 1987, 'Greenmail: A study of board performance in corporate governance', Administrative Science Quarterly, vol. 32, pp. 163-185.
    • (1987) Administrative Science Quarterly , vol.32 , pp. 163-185
    • Kosnik, R.1
  • 39
    • 0042407935 scopus 로고    scopus 로고
    • Corporate governance and anti-takeover devices: Evidence from Australia'
    • Lange, H, Ramsay, I & Woo, LA 2000, 'Corporate governance and anti-takeover devices: Evidence from Australia', Corporate Governance: An International Review, vol. 8, no. 3, pp. 227-243.
    • (2000) Corporate Governance: An International Review , vol.8 , Issue.3 , pp. 227-243
    • Lange, H.1    Ramsay, I.2    Woo, L.A.3
  • 40
    • 0347784990 scopus 로고    scopus 로고
    • Institutional investors and voting practices: An international comparison'
    • Mallin, C 2001, 'Institutional investors and voting practices: An international comparison', Corporate Governance: An International Review, vol. 9, no. 2, pp. 118-126.
    • (2001) Corporate Governance: An International Review , vol.9 , Issue.2 , pp. 118-126
    • Mallin, C.1
  • 41
    • 0000729505 scopus 로고
    • Women directors: Progress and opportunities for the future'
    • Mattis, MC 1993, 'Women directors: Progress and opportunities for the future', Business in the Contemporary World, vol. 5, no. 3, pp. 140-156.
    • (1993) Business in the Contemporary World , vol.5 , Issue.3 , pp. 140-156
    • Mattis, M.C.1
  • 42
    • 0030542732 scopus 로고    scopus 로고
    • Searching for common threads: Understanding the multiple effects of diversity in organizational groups'
    • Milliken, FJ & Martins, LL 1996, 'Searching for common threads: Understanding the multiple effects of diversity in organizational groups', Academy of Management Review, vol. 21, pp. 402-433.
    • (1996) Academy of Management Review , vol.21 , pp. 402-433
    • Milliken, F.J.1    Martins, L.L.2
  • 43
    • 0000688459 scopus 로고
    • Who controls whom? An examination of the relationship between management and boards of directors in large American corporations'
    • Mizruchi, M 1983, 'Who controls whom? An examination of the relationship between management and boards of directors in large American corporations', Academy of Management Review, vol. 8, pp. 426-435.
    • (1983) Academy of Management Review , vol.8 , pp. 426-435
    • Mizruchi, M.1
  • 45
    • 85025226022 scopus 로고
    • Board composition from a strategic contingency perspective'
    • Pearce, JA & Zahra, SA 1992, 'Board composition from a strategic contingency perspective', Journal of Management Studies, vol. 29, pp. 411-438.
    • (1992) Journal of Management Studies , vol.29 , pp. 411-438
    • Pearce, J.A.1    Zahra, S.A.2
  • 47
    • 0012369171 scopus 로고    scopus 로고
    • Board composition and financial performance: A meta-analysis of the influence of outside directors'
    • Rhoades, DL, Rechner, PL & Sundaramurthy, C 2000, 'Board composition and financial performance: A meta-analysis of the influence of outside directors', Journal of Managerial Issues, vol. 12, no. 1, pp. 76-91.
    • (2000) Journal of Managerial Issues , vol.12 , Issue.1 , pp. 76-91
    • Rhoades, D.L.1    Rechner, P.L.2    Sundaramurthy, C.3
  • 48
    • 0018987002 scopus 로고
    • Invisible resource: Women for boards'
    • Schwartz, F 1980, 'Invisible resource: Women for boards', Harvard Business Review, vol. 58, no. 2, pp. 6-18.
    • (1980) Harvard Business Review , vol.58 , Issue.2 , pp. 6-18
    • Schwartz, F.1
  • 50
    • 84986059600 scopus 로고    scopus 로고
    • A view from the top: Women on the boards of public companies'
    • Sheridan, A 2001, 'A view from the top: Women on the boards of public companies', Corporate Governance, vol. 1, no. 1, pp. 8-14.
    • (2001) Corporate Governance , vol.1 , Issue.1 , pp. 8-14
    • Sheridan, A.1
  • 51
    • 84986180590 scopus 로고    scopus 로고
    • 'What you know and who you know: "Successful" women's experiences of accessing board positions'
    • Sheridan, A 2002, 'What you know and who you know: "Successful" women's experiences of accessing board positions', Career Development International, vol. 7, no. 4, pp. 203-210.
    • (2002) Career Development International , vol.7 , pp. 203-210
    • Sheridan A1
  • 52
    • 84986144818 scopus 로고    scopus 로고
    • '"She says, he says'": women's and men's views of the composition of boards'
    • Sheridan, A & Milgate, G 2003, '"She says, he says'": women's and men's views of the composition of boards', Women in Management Review, vol. 18, no.3, pp. 147-154.
    • (2003) Women in Management Review , vol.18 , Issue.3 , pp. 147-154
    • Sheridan, A.1    Milgate, G.2
  • 53
    • 84986149612 scopus 로고    scopus 로고
    • Feminizing the boardroom: A study of the effects of corporatization on the number and status of women directors in New Zealand Companies'
    • Shilton, J, McGregor, J & Tremaine, M 1996, 'Feminizing the boardroom: A study of the effects of corporatization on the number and status of women directors in New Zealand Companies', Women in Management Review, vol. 11, no. 3, pp. 20-26.
    • (1996) Women in Management Review , vol.11 , Issue.3 , pp. 20-26
    • Shilton, J.1    McGregor, J.2    Tremaine, M.3
  • 54
    • 0001026456 scopus 로고    scopus 로고
    • A survey of corporate governance'
    • Shleifer, A & Vishny, RW 1997, 'A survey of corporate governance', The Journal of Finance, vol. 52, no. 2, pp. 737-783.
    • (1997) The Journal of Finance , vol.52 , Issue.2 , pp. 737-783
    • Shleifer, A.1    Vishny, R.W.2
  • 55
    • 0041594449 scopus 로고    scopus 로고
    • Women in management and firm financial performance: An exploratory study'
    • Shrader, CB, Blackburn, VB & lies, P 1997, 'Women in management and firm financial performance: An exploratory study', Journal of Managerial Issues, vol. 9, pp. 355-372.
    • (1997) Journal of Managerial Issues , vol.9 , pp. 355-372
    • Shrader, C.B.1    Blackburn, V.B.2    lies, P.3
  • 56
    • 0002177001 scopus 로고
    • Management-board relationships, takeover risk, and the adoption of golden parachutes'
    • Singh H & Harianto, F 1989, 'Management-board relationships, takeover risk, and the adoption of golden parachutes', Academy of Management Journal, vol. 32, pp. 7-24.
    • (1989) Academy of Management Journal , vol.32 , pp. 7-24
    • Singh, H.1    Harianto, F.2
  • 59
    • 0040082121 scopus 로고    scopus 로고
    • Non-profit boards in Australia: A distinctive governance approach'
    • Steane, P & Christie, M 2001, 'Non-profit boards in Australia: A distinctive governance approach', Corporate Governance: An International Review, vol. 9, no. 1, pp. 48-58.
    • (2001) Corporate Governance: An International Review , vol.9 , Issue.1 , pp. 48-58
    • Steane, P.1    Christie, M.2
  • 60
    • 0012533096 scopus 로고    scopus 로고
    • The market effects of CEO turnover in Australian firms'
    • Suchard, JA, Singh, M & Barr, R 2001, 'The market effects of CEO turnover in Australian firms', Pacific-Basin Finance Journal, vol. 9, pp. 1-27.
    • (2001) Pacific-Basin Finance Journal , vol.9 , pp. 1-27
    • Suchard, J.A.1    Singh, M.2    Barr, R.3
  • 61
    • 45449104646 scopus 로고    scopus 로고
    • Free cashflow and long-run firm value: Evidence from the value line survey'
    • Vogt, SC & Vu, JD 2000, 'Free cashflow and long-run firm value: Evidence from the value line survey', Journal of Managerial Issues, vol. 12, pp. 188-207.
    • (2000) Journal of Managerial Issues , vol.2 , pp. 188-207
    • Vogt, S.C.1    Vu, J.D.2
  • 62
    • 14844350391 scopus 로고
    • Relationships between age and risk-taking among managers', Journal of
    • Vroom, V & Pahl, B 1971, 'Relationships between age and risk-taking among managers', Journal of Applied Psychology, vol. 55, pp. 399-405.
    • (1971) Applied Psychology , vol.55 , pp. 399-405
    • Vroom, V.1    Pahl, B.2
  • 63
    • 0032165921 scopus 로고    scopus 로고
    • Board composition and organizational performance: Two studies of insider/outsider effects'
    • Wagner III, JA, Stimpert, JL & Fubara, El 1999, 'Board composition and organizational performance: Two studies of insider/outsider effects', Journal of Management Studies, vol. 35, no. 5, pp. 655-677.
    • (1999) Journal of Management Studies , vol.35 , Issue.5 , pp. 655-677
    • Wagner III, J.A.1    Stimpert, J.L.2    Fubara E.l3
  • 64
    • 79957827914 scopus 로고    scopus 로고
    • Proxy power', Business Review Weekly
    • Walters, K 2004, 'Proxy power', Business Review Weekly, March 18-April 28, p. 28.
    • (2004) March 18-April , vol.28 , pp. 28
    • Walters, K.1
  • 65
    • 0000837829 scopus 로고
    • On the efficiency of internal and external corporate control mechanisms'
    • Walsh, JP & Seward, JK 1990, 'On the efficiency of internal and external corporate control mechanisms', Academy of Management Review, vol. 15, pp. 421-458.
    • (1990) Academy of Management Review , vol.15 , pp. 421-458
    • Walsh, J.P.1    Seward, J.K.2
  • 67
    • 0001800097 scopus 로고
    • Top management team demography and corporate strategic change'
    • Wiersema, MF & Bantel, KA 1992, 'Top management team demography and corporate strategic change', Academy of Management Journal, vol. 35, pp. 91-122.
    • (1992) Academy of Management Journal , vol.35 , pp. 91-122
    • Wiersema, M.F.1    Bantel, K.A.2
  • 68
    • 84970228690 scopus 로고
    • Boards of directors and corporate financial performance: A review and intcgrative model'
    • Zahra S & Pcarce, J 1989, 'Boards of directors and corporate financial performance: A review and intcgrative model', Journal of Management, vol. 15, pp. 291-334.
    • (1989) Journal of Management , vol.15 , pp. 291-334
    • Zahra, S.1    Pcarce, J.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.