U-Shaped Relationship Between Board of Directors’ Disparity And Corporates’ Strategy Adjustment
- https://doi.org/10.2991/icemaess-18.2018.152How to use a DOI?
- Board diversity, Strategy adjustment, U-shaped, Executive chain network, Ownership structure
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.
- © 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/).
Cite this article
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 - https://doi.org/10.2991/icemaess-18.2018.152 ID - Qu2018/11 ER -