Circumstances relating to interlocking directorates in Italy: An exploratory study

Details

Serval ID
serval:BIB_B614AB94AF46
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
Circumstances relating to interlocking directorates in Italy: An exploratory study
Journal
Corporate Ownership and Control
Author(s)
Markarian Garen, Parbonetti Antonio, Previts Gary John
ISSN
1810-3057
1727-9232
Publication state
Published
Issued date
2007
Volume
4
Number
2
Pages
192-204
Language
english
Abstract
Despite a large body of research in the management, accounting, economics, and finance literatures, the relationship between board composition and firm performance is still controversial and ripe for debate (for a recent study, see Boone et al., 2004). Utilizing the theoretical approach of Zahra and Pearce (1989) that identifies the three key roles of the board as oversight, strategy, and service, we examine the effects of having board interlocks between an industrial firm and of financial services firm, and firm characteristics. Using publicly available data on all listed Italian firms for the year 2001, we find that for industrial firms, there is a positive relationship between the number of board interlocks with a bank and current year return on assets, however, the opposite is true for financial services firms. Finally, we find no relationship between interlocking directorates with banks and firm capital structure.
Keywords
General Business, Management and Accounting
Open Access
Yes
Create date
05/05/2021 9:03
Last modification date
06/05/2021 5:35
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