National culture and the composition and leadership structure of boards of directors

Corporate Governance: An International Review

Volumn 16, Issue 5, 2008, Pages 375-385

  Li, Jiatao ^a,b   Harrison, J Richard ^c  

^a HONG KONG UNIVERSITY OF SCIENCE AND TECHNOLOGY   (Hong Kong)

^b Department of Management of Organizations ^*

^c UNIVERSITY OF TEXAS AT DALLAS   (United States)

Author keywords

Board structure; Outsider systems; Share ownership

Indexed keywords

EID: 54049084167     PISSN: 09648410     EISSN: 14678683     Source Type: Journal    
DOI: 10.1111/j.1467-8683.2008.00697.x     Document Type: Review

References (77)

1. Aoki, M. (1990) Towards an economic model of the Japanese firm, Journal of Economic Literature, 28 : 1 27.
2. Andrews, K. R. (1971) The Concept of Corporate Strategy, Irwin, Homewood, IL.
3. Bacon, J. (1986) Board Committees in European Companies, The Conference Board, New York.
4. Bacon, J. Brown, J. K. (1977) The Board of Directors: Perspectives and Practices in Nine Countries, The Conference Board, New York.
5. Barnard, C. (1938) The Functions of Executives, Harvard University Press, Cambridge, MA.
6. Beatty, R. P. Zajac, E. J. (1994) Top management incentives, monitoring, and risk sharing: a study of executive compensation, ownership, and board structure in initial public offerings, Administrative Science Quarterly, 39 : 313 35.
7. Belsey, D. A., Kuh, E. Welsch, R. E. (1984) Regression Diagnostics: Identifying Influential Data and Sources of Collinearity, Wiley, New York.
8. Boyd, B. K. (1995) CEO duality and firm performance: A contingency model, Strategic Management Journal, 16 (4 301 14.
9. Brislin, R. W. (1993) Understanding Culture's Influence on Behavior, Harcourt Brace College Publishers, Fort Worth, TX.
10. Buck, T. Shahrim, A. (2005) The translation of corporate governance changes across national cultures, the case of Germany, Journal of International Business Studies, 36 : 42 61.
11. Charkham, J. (1994) Keeping Good Company: A Study of Corporate Governance in Five Countries, Clarendon Press, Oxford.
12. Child, J. (1981) Culture, contingency and capitalism in the cross-national study of organizations. In : Cummings, L. L. Staw, B. M. (eds Research in Organizational Behavior, 3 : 303 56.
13. Crossland, C. Hambrick, D. (2007) How national systems differ in their constraints on corporate executives: A study of CEO effects in three countries, Strategic Management Journal, 28 : 767 89.
14. Crozier, M. (1964) The Bureaucratic Phenomenon, University of Chicago Press, Chicago, IL.
15. Dalton, D. R., Daily, C. M., Ellstrand, A. E. Johnson, J. L. (1998) Meta-analytic reviews of board composition, leadership structure, and financial performance, Strategic Management Journal, 19 : 269 90.
16. Dalton, D. R. Kesner, I. F. (1987) Composition and CEO duality in boards of directors: An international perspective, Journal of International Business Studies, 18 : 33 42.
17. DiMaggio, P. J. Powell, W. W. (1983) The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields, American Sociological Review, 48 : 147 60.
18. Doz, Y. L. Prahalad, C. K. (1991) Managing DMNCs: A search for a new paradigm, Strategic Management Journal, 12 (Special Issue 145 64.
19. Dutton, J. Duncan, R. (1987) The creation of momentum for change through the process of strategic issue diagnosis, Strategic Management Journal, 8 : 279 96.
20. Fama, E. F. Jensen, M. C. (1983) Separation of ownership and control, Journal of Law and Economics, 26 : 301 25.
21. Finkelstein, S. D'Aveni, R. A. (1994) CEO duality as a double-edged sword: How boards of directors balance entrenchment avoidance and unity of command, Academy of Management Journal, 37, 1079 108.
22. Friedland, R. Alford, R. R. (1990) Bringing society back in: Symbols, practices and institutional contradictions. In : Powell, W. W. DiMaggio, P. J. (eds The New Institutionalism in Organization Analysis, 232 263. University of Chicago Press, Chicago, IL.
23. Ghoshal, S. Bartlett, C. B. (1990) The multinational corporation as an interorganizational network, Academy of Management Review, 15, 603 25.
24. Granovetter, M. (1985) Economic action and social structure: The problem of embeddedness, American Journal of Sociology, 91 : 481 510.
25. Haleblian, J. Finkelstein, S. (1993) Top management team size, CEO dominance, and firm performance: The moderating roles of environmental turbulence and discretion, Academy of Management Journal, 36, 844 63.
26. Hambrick, D. C. Brandon, G. (1988) Executive values. In : Hambrick, D. C. (ed The Executive Effect: Concepts and Methods for Studying Top Managers, 3 34. JAI Press, Greenwich, CT.
27. Hambrick, D. Mason, P. (1984) Upper echelons: The organization as a reflection of its top managers, Academy of Management Review, 15 : 214 535.
28. Hamilton, G. G. Biggart, N. W. (1988) Market, culture, and authority: A comparative analysis of management and organizations in the Far East, American Journal of Sociology, 94 : S52 94.
29. Harrison, J. R., Torres, D. L. Kukalis, S. (1988) The changing of the guard: Turnover and structural change in the top-management positions, Administrative Science Quarterly, 33 : 211 32.
30. Hermalin, B. E. Weisbach, M. S. (1988) The determinants of board composition, Rand Journal of Economics, 19 (4 587 606.
31. Hickson, D. J. (1996) The ASQ years then and now through the eyes of a Euro-Brit, Administrative Science Quarterly, 41, 217 28.
32. Hickson, D. J. Pugh, D. S. (1995) Management Worldwide: The Impact of Societal Culture on Organizations Around the Globe, Penguin, London.
33. Hill, G. (1982) Group versus individual performance: Are n + 1 heads better than one? Psychological Bulletin, 91 : 517 39.
34. Hodgetts, R. M. Luthans, F. (1993) U.S. multinationals' compensation strategies for local management: Cross-cultural implications, Compensation and Benefits Review, 25, 42 8.
35. Hofstede, G. (1980) Culture's Consequences: International Differences in Work-related Values, Sage, Newbury Park, CA.
36. Hofstede, G. (1991) Culture and Organizations: Software of the Mind, McGraw-Hill, London.
37. Hofstede, G., Nuijen, B., Ohayv, D. D. Sanders, G. (1990) Measuring organizational cultures, Administrative Science Quarterly, 35, 286 316.
38. Hoshi, T., Kashyap, A. Scharfstein, D. (1990) The role of banks in reducing the costs of financial distress in Japan, Journal of Financial Economics, 27 : 67 88.
39. Inzerilli, G. (1981) Preface: Some conceptual issues in the study of the relationship between organizations and societies, International Studies of Management and Organizations, 10 (4 3 14.
40. Jackson, S. (1992) Consequences of group composition for the interpersonal dynamics of strategic issue processing. In : Shrivastava, P., Huff, A. Dutton, J. (eds Advances in Strategic Management, vol. 8 : 345 382. JAI Press, Greenwich, CT.
41. Jaeger, A. M. (1986) Organization development and national culture: Where's the fit? Academy of Management Review, 11 : 178 90.
42. Jenkinson, T. Mayer, C. (1992) The assessment: Corporate governance and corporate control, Oxford Review of Economic Policy, 8 (3 1 10.
43. Kester, W. C. (1992) Industrial groups as systems of contractual governance, Oxford Review of Economic Policy, 8 (3 24 44.
44. Lammers, C. J. Hickson, D. J. (eds 1979) Organizations Alike and Unalike: International and Interinstitutional Studies in the Sociology of Organizations, Routledge & Kegan Paul, London.
45. Landsberger, H. A. (1970) Comparative Perspectives on Formal Organizations, Little, Brown, London.
46. La Porta, R., Lopez-de-Silanes, F. Shleifer, A. (1999) Corporate ownership around the world, Journal of Finance, 54 (2 471 517.
47. Lorsch, J. W. MacIver, E. (1989) Pawns or Potentates: The Reality of America's Corporate Boards, Harvard Business School Press, Boston, MA.
48. Meyer, J. W. Rowan, B. (1977) Institutionalized organizations: Formal structure as myth and ceremony, American Journal of Sociology, 83 : 340 63.
49. Mintz, S. M. (2005) Corporate governance in an international context: Legal systems, financing patterns and cultural variables, Corporate Governance, 13 (5 582 97.
50. Nelson, R. E. (1993) Authority, organization, and societal context in multinational churches, Administrative Science Quarterly, 38 : 653 82.
51. Nooteboom, B., Berger, H. Nooderhaven, N. G. (1997) Effects of trust and governance on relational risk, Academy of Management Journal, 40 (2 308 38.
52. Norburn, D., Boyd, B. K., Fox, M. Muth, M. (2000) International corporate governance reform, European Business Journal, 12 (3 116 33.
53. O'Reilly, C. A., Main, B. G. Crystal, C. S. (1988) CEO compensation as tournament and social comparison: A tale of two theories, Administrative Science Quarterly, 33 : 257 74.
54. Pfeffer, J. (1972) Size and composition of corporate boards of directors: The organization and its environment, Administrative Science Quarterly, 17 : 218 28.
55. Prowse, S. D. (1990) Institutional investment patterns and corporate financial behavior in the United States and Japan, Journal of Financial Economics, 27 : 43 66.
56. Rediker, K. J. Seth, A. (1995) Boards of directors and substitution effects of alternative governance mechanisms, Strategic Management Journal, 16 (2 85 99.
57. Roe, M. J. (1993) Some differences in corporate structure in Germany, Japan, and the United States, The Yale Law Review, 102 : 1927 2003.
58. Roe, M. J. (1994) Strong Managers, Weak Owners: The Political Roots of American Corporate Finance, Princeton University Press, Princeton, NJ.
59. Ryan, T. Y. (1997) Modern Regression Analysis, John Wiley & Sons, New York.
60. Salancik, G. R. Meindl, J. R. (1984) Corporate attributions as strategic illustrations of management control, Administrative Science Quarterly, 29 : 238 54.
61. Schneider-Lenne, E. (1992) Corporate control in Germany, Oxford Review of Economic Policy, 8 (3 11 23.
62. Schuler, R. S. Rogovsky, N. (1998) Understanding compensation practice variations across firms: The impact of national culture, Journal of International Business Studies, 29 : 159 77.
63. Scott, W. R. (1987) The adolescence of institutional theory, Administrative Science Quarterly, 32 : 493 511.
64. Scott, W. R. (1992) Organizations: Rational, Natural, and Open Systems (3rd edn Prentice Hall, Englewood Cliffs, NJ.
65. Scott, W. R. Meyer, J. W. (1994) Institutional Environments and Organizations: Structural Complexity and Individualism, Sage, Thousand Oaks, CA.
66. Shleifer, A. Vishny, R. (1997) A survey of corporate governance, Journal of Finance, 52 : 737 83.
67. Smircich, L. (1983) Concept of culture and organizational analysis, Administrative Science Quarterly, 28 : 339 58.
68. Sondergaard, M. (1994) Hofstede's consequences: A study of reviews, citations and replications, Organization Studies, 15 : 447 56.
69. Stafford, D. Purkis, R. (1989) The Directory of Multinationals, Macmillan, London.
70. Swidler, A. (1986) Culture in action: Symbols and strategies, American Sociological Review, 51 : 273 86.
71. Tosi, H. L. Gomez-Mejia, L. (1989) The decoupling of CEO pay and performance, Administrative Science Quarterly, 34 : 169 89.
72. Tosi, H. L. Greckhamer, T. (2004) Culture and CEO compensation, Organization Science, 15 (6 657 71.
73. Very, P., Lubatkin, M., Calori, R. Veiga, J. (1997) Relative standing and the performance of recently acquired European firms, Strategic Management Journal, 18 (8 593 614.
74. Westney, D. E. (1993) Institutionalization theory and the multinational enterprise. In : Ghoshal, S. Westney, E. (eds Organization Theory and the Multinational Enterprise, 53 76. Macmillan, London.
75. Westphal, J. D. Zajac, E. J. (1994) Substance and symbolism in CEO's long-term incentive plans, Administrative Science Quarterly, 39 (3 367 90.
76. Westphal, J. D. Zajac, E. J. (1997) Defections from the inner circle: Social exchange, reciprocity, and the diffusion of board independence in U.S. corporations, Administrative Science Quarterly, 42, 161 83.
77. Zaheer, S. Zaheer, A. (1997) Country effects on information seeking in global electronic networks, Journal of International Business Studies, 28 (1 77 100.