U-Shaped Relationship Between Board of Directors’ Disparity And Corporates’ Strategy Adjustment

DOI

10.2991/icemaess-18.2018.152How to use a DOI?

Keywords

Board diversity, Strategy adjustment, U-shaped, Executive chain network, Ownership structure

Abstract

We selected all A-share listed companies as a sample. Through the empirical analysis of three consecutive years’ panel data from 2010 to 2013, we validated the U-type relationship between board of directors’ disparity and strategic adjustment of the enterprise, and the moderating role of executive chain network. We found: (1) The impact of disparity on business diversification is U-shaped; (2) The adjustment effect of board network to the relationship between board disparity and corporates’ strategy adjustment is rejected. This paper provides suggestions for the equity adjustment of boards’ ownership structure, and presents evidence that external networks influences enterprises’ strategic decision, thus providing a new theoretical perspective for China to generate a more mature specification for the board of directors ’system.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Liang Qu
AU  - Linyan Zeng
PY  - 2018/11
DA  - 2018/11
TI  - U-Shaped Relationship Between Board of Directors’ Disparity And Corporates’ Strategy Adjustment
BT  - Proceedings of the 2018 5th International Conference on Education, Management, Arts, Economics and Social Science (ICEMAESS 2018)
PB  - Atlantis Press
SP  - 762
EP  - 769
SN  - 2352-5398
UR  - https://doi.org/10.2991/icemaess-18.2018.152
DO  - 10.2991/icemaess-18.2018.152
ID  - Qu2018/11
ER  -