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Two Essays On The Board Of Directors, Dipesh Bhattarai

Doctoral Dissertations

The board of directors plays a crucial role in corporate governance, serving as a vital mechanism to oversee and guide firms towards achieving their goals. Given the importance of boards in the corporate governance framework, we still do not have clear understanding of how directors' characteristics influence the governance and performance of firms. This dissertation ties together two chapters that contribute to this area of research, each focusing on different aspects of directors' influence on corporate governance and firm value.

The first chapter, "The Effect of Director Wealth on Corporate Governance and Firm Value," examines the impact of a director's …

Esg & Caremark: Shareholders Might Lack Adequate Tools To Voice Esg Concerns And To Hold Boards Of Directors Accountable For Esg Oversight, Meryl Roux Jimenez

University of Miami Business Law Review

Environmental, Social, and Government (“ESG”) practices are no longer an area that corporations can ignore. A corporation’s failure to oversee an ESG risk can lead to a reputational scandal for the company, which, ultimately, hurts shareholders. The only primary legal recourse for shareholders to hold a board of directors accountable—for breaching its fiduciary duty to oversee a risk— is to bring a Caremark action in court. While most Caremark actions have proved favorable to shareholders in the past two decades, it is an imperfect and reactive framework for ESG related claims. Corporations are pulled in two opposite directions: maximizing shareholders’ …

It Governance Matter: A Structured Literature Review, Nariman Osama Kandil, Ehab Kamel Abou-Elkheir, Amr M. Kotb

All Works

The aim of this paper is to critically explore information technology governance (ITG) context, its consequences, its various aspects, its determinants, disclosure, maturity, and challenges. There are some motivations that urge the researchers to carry out this study. First, the review of prior relevant literature reveals a limited number of studies addressing the IT governance context, its consequences, its various aspects, its determinants, and challenges. Second, very little is known about the potential implications of IT governance within the business and how it is significant to the decision-makers (e.g., shareholders, board of directors, executives, etc.). Finally, little research employs the …

Fred And Dinah Gretsch School Of Music Newsletter, Georgia Southern University

School of Music Newsletters (2017-2023)

• Congratulations!
• Georgia Southern Chorale from Gretsch School of Music Triumphant in International Competition
• The NAMM Foundation Welcomes Dinah Gretsch to The Board of Directors

When Ceo And Board Chair Are In Conflict: A Resource Dependence Perspective, Rawia Ahmed, Randika Eramudugoda, M. Fernanda Wagstaff

All Works

The board of directors serves two functions in the organization: monitoring and resource provision. Agency theory mainly addresses the former, while resource dependence theory focuses on the latter. However, these theories consistently assume that board members are not only able but also consistently willing to fulfill their roles. From a resource dependence perspective, this means that board members are generally inclined to share their resources (information, social and political connections, and functional experience) with the CEO. We challenge this assumption by postulating that in the context of dyadic conflict between the CEO and board chair, these resources will not be …

Theranos: Case Study And Examination Of The Fraud Triangle, Abbey Jennings

Finance Undergraduate Honors Theses

Fraud is a serious issue which carries significant implications. Fraud committed by top level managers is particularly grievous, as it ripples through a firm, harming the company’s shareholders, employees, and credibility, while posing a threat to individuals and society (Zahra, et al.). A common framework in auditing, the fraud triangle, outlines three factors that if present, increase the risk or enable fraud to occur. The three factors are incentive, opportunity, and rationalization to commit fraud (Barlow).

In 2018, the Securities and Exchange Commission (SEC) charged Elizabeth Holmes, founder and CEO of a supposedly groundbreaking health tech company, Theranos, with what …

President's Notes, Walter B. Rudolph

Newsletter of the Jussi Björling Societies of the USA & UK

Greetings to Jussiphiles everywhere,

Fall is fleeing Winter's blustery arrival. The Board of Directors of JBS-USA sends you our very best greetings for Thanksgiving and the Holiday Season.

Introducing The First Of New Publications Of The Jussi Bjorling Society..., Dan Shea

Newsletter of the Jussi Björling Societies of the USA & UK

As you will recall from the previous (3Q00) issue of Journal of the JBS-USA, Mickey Dove has announced that she will step down as Editor of the publication. Now, after consultation with our Board of Directors and other advisors, we have decided to try something new: We'll produce a pair of publications, the Newsletter with publication dates of about June 1 and December1 each year, Journal of Jussi Bjorling Society to appear in March and September.

Counting Down To June 4th: News Of Our Washington Conference, Dan Shea

Journal of the Jussi Björling Societies of the USA & UK

A remarkable event is about to happen: A conference in honor of the life and art of a great singer, complete with expert analysis and affectionate discussion by his family, his countrymen, opera mavens, and (we hope) YOU.

And Welcome To New Members Of The Board Of Directors Of Jbs

Journal of the Jussi Björling Societies of the USA & UK

JBS is pleased to welcome to the Board of Directors William C. Clayton and William G. Dove, Jr., who has also assumed the responsibilities of treasurer. Bill Gayton, features editor of the Journal of JBS and frequent contributor to these pages, was introduced to you in the 1Q99 issue of the Journal. Bill Dove retired in January from ABB Combustion Engineering where he held the position of senior consulting engineer. JBS is grateful for the business experience and creative talent that both of these men bring to the Board of Directors and for their willingness to serve.

Into 2000: Honoring Our "Singer Of The Century' Some Proposals From Your Board Of Directors., Bill Clayton, Mickey Dove, Bill Dove, Tom Hines, Dan Shea

Journal of the Jussi Björling Societies of the USA & UK

Jussi Bjorling's vocal magic seems to be conferring some blessings on our Society.

Too Many Peas In A Pod? How Overlaps In Directors’ Local And Global Status Characteristics Influence Board Turnover In Newly Public Firms, Abhijith G. Acharya, Timothy G. Pollock

Research Collection Lee Kong Chian School Of Business

Drawing on status characteristics theory, we explore how boards’ social structures influence board turnover. We theorize that (1) understanding directors’ relative standing and spheres of influence in the local status hierarchy creates deference structures that reduce conflict and enhance stability, thereby reducing board turnover; and (2) shared performance expectations and attraction based on homophily in the global status hierarchy can also reduce conflict and enhance stability, and thus serve as another means of reducing board turnover. Using data on the five years following the initial public offerings (IPOs) of 218 firms that went public between 2001 and 2005, we find …

You're On Mute - How The Shift From In-Person To Virtual Board Meetings Impacts Board Governance And Communication In Nonprofit Associations, Theresa Hurley

Master's Projects and Capstones

Because of the Covid19 pandemic meeting restrictions that started in March 2020, almost all nonprofit boards had to move to virtual board meetings. Through a literature review, expert interviews and a survey of nonprofit association Executive Directors, Chief Executive Officers and board members, this capstone explores the impact of the shift from in-person to virtual board meetings on board governance and board communication and dynamics for nonprofit associations. Some findings were positive - virtual meetings are more cost-effective, are better attended and more convenient and efficient than in-person meetings. Other findings were negative - multiple communication challenges inherent in the …

Directors' Monitoring Role, Ownership Concentration And Audit Fees, Rabih Nehme, Amir Michael, Jim Haslam

Australasian Accounting, Business and Finance Journal

The research objective is to analyse different factors potentially involved in influencing the size of audit fees. The association between the Board of Directors and the shareholders of listed companies should be effectively developed and there should be a higher spirit of compliance with the governance code. The empirical model is constructed to assess the theoretical and statistical relationship between audit fees and corporate governance characteristics over a period of four years (for FTSE 350 companies excluding financial institutions between 2012 and 2015). Different testing techniques are used for robustness reasons.

We found that Board of Directors' characteristics are significant …

Innovative Boards: Exploring The Curvilinear Relationship Of Firm Innovation With Information Diversity, Dynamic Capability Diversity And Governance Diversity Of The Board Of Directors, And Understanding The Critical Moderating Effect Of Board Size On This Relationship, Ajay Makhija

Dissertations and Theses Collection (Open Access)

The role and effectiveness of Board of directors in fostering innovation is an area of keen interest for both academics and professionals. Heterogeneity research suggests that diverse groups consider a broader range of perspectives and hence are able to foster creativity and drive innovation. The focus of most prior research on board diversity has largely been on gender, and the outcomes have been generally inconclusive. In addition, previous research efforts have focused on the RBV (Resource based view) in terms of the board role and also in explaining the diversity relationship with innovation. This study extends the diversity, governance and …

Internal Governance And Litigation Risk, Mohammad Hashemi Joo

FIU Electronic Theses and Dissertations

This dissertation is comprised of three chapters that focus on the topics related to internal governance and litigation risk.

The first essay investigates the effect of board independence on security litigation risk. Based on the premise of the agency theory, our findings indicate that board independence has a negative impact on securities litigation risk. The effectiveness of this impact is also analyzed in light of the firm’s complexity and monitoring cost. The results show that board independence effectiveness is negatively related to the firm’s monitoring cost but is positively influenced by the firm’s complexity. Our results challenge the notions of …

Beyond Beholden, Da Lin

Law Faculty Publications

Corporate law has long been concerned with director independence. In controlled companies, the conventional wisdom focuses on "beholdenness" as the main threat to independence. The prevailing theory argues that directors might feel pressured to reciprocate a past kindness from the controlling shareholder or fear retaliation. This Article argues that this conventional narrative is troublingly incomplete. I show that directors are also influenced by the prospect of rewards, or patronage, from the controller.

This Article is the first to identify controlling shareholder patronage as a systemic phenomenon and to explore how anticipation of future patronage can affect director behavior. It presents …

Use Of Social Media To Enhance Nonprofit Organizational Decision-Making, Lindsey Lowe Pena

Walden Dissertations and Doctoral Studies

As a tool for rapid communication, social media (SM) have the potential to revolutionize the way in which nonprofit organizations and stakeholders communicate. Most nonprofit organizations in the United States use some form of SM to engage with stakeholders, however, there is an underutilization of SM used for board decision-making purposes. The purpose of this phenomenological study was to examine SM and its potential use for board decision-making in nonprofit organizations. The conceptual framework incorporated stakeholder theory, organizational ambidexterity, and an organizational media-user typology. The research question related to the experience of nonprofit board member use of SM for organizational …

Corporate Oversight And Disobedience, Elizabeth Pollman

All Faculty Scholarship

Over a decade has passed since landmark Delaware corporate law decisions on oversight responsibility, and only a small handful of cases have survived a motion to dismiss. Scholars have puzzled over what it means to have the potential for corporate accountability lodged within the duty of good faith, but almost never brought to fruition in terms of trial liability.

This article explores the public-regarding purpose of the obedience and oversight duties in corporate law and provides a descriptive account of how they are applied in practice. The Article argues that the fidelity to external law required by the duty of …

The Relationship Between A Firm’S Ownership Structure, Governance, And Innovation, Erica J. Wagner

College of Business Theses and Dissertations

Firm innovation is key for many companies to continuously thrive in the marketplace. Unfortunately, there are drawbacks to making innovative investments because of the upfront costs and riskiness of future returns. This creates conflicts because managers are under pressure to meet short-term earnings forecasts. A managers’ short-term focus on a firm’s business strategy may not be in the best interests of the shareholders’ long-term vision of a firm. For this reason, a strong corporate governance system can trigger an increased level of monitoring of the decision-making of managers so that it’s aligned with shareholders’ goals. Often, a firm’s long-term strategy …

Essays In Corporate Finance, Meng Gao

Dissertations and Theses Collection (Open Access)

This dissertation studies the impact of credit rating on firms’ financing behavior and investigates insider trading activities.

The first essay documents how firms’ concerns about credit rating change affect their choice between the use of debt and lease. Firms approaching a credit rating change tend to use less debt relative to operating leases to finance their new projects. In this paper, I propose a new method of measuring the potential of a credit rating change. Using the new measures, I find that not only the concerns about being downgraded but also the at- tempts to get upgraded have significant impacts. …

Problem Solving, Decision Making, And Kirton Adaption-Innovation Theory In High-Performance Organizations, Miriam Grace Michael

Walden Dissertations and Doctoral Studies

Research on high-performing nonprofit boards has indicated a positive relationship between a board's strength and an organization's effectiveness; however, how boards achieve success remains relatively unknown. The Kirton adaption-innovation (KAI) theory was used to examine board members' cognitive styles in relationship to facilitating problem solving and decision making. This nonexperimental, quantitative study included archived nonprofit board data from 2 American Society of Association Executives (ASAE) studies that had addressed the high performance of boards and factors associated with organizational success. A total of 102 randomly selected, high-performing nonprofit board members completed the KAI Inventory, which was used to measure cognitive …

Corporate Directors In The United Kingdom, Stephen M. Bainbridge

William & Mary Law Review Online

In the United States, state corporation law uniformly provides that only natural persons may serve as directors of corporations. Corporations, limited liability companies, and other entities otherwise recognized in the law as legal persons are prohibited from so serving. In contrast, the United Kingdom allowed legal entities to serve as directors of a company. In 2015, however, legislation came into force adopting a general prohibition of these so-called corporate directors, albeit while contemplating some exemptions. This Article argues that there are legitimate reasons companies may wish to appoint corporate directors. It also argues that the transparency and accountability concerns that …

Exploring The Organizational Effects Of Directors' Embeddedness In Board Networks, Hansin Bilgili

Graduate Theses and Dissertations

In this dissertation, I explore how top executives’ and directors’ embeddedness in corporate elite networks within and between organizations’ boards of directors influence organizational strategy and policy. In the first study, I conduct a comprehensive review of the governance literature using both a traditional narrative approach as well as a bibliometric main path analysis, which traces the development and diffusion of scholarly knowledge on corporate elite networks. In the second study, drawing from network theory and behavioral governance research, I introduce a methodology that allows researchers to model intraboard networks by measuring the strength of ties among members of boards …

Essays On Information Technology And Value Creation: Corporate Governance, Software Firm Acquisitions, And Entrepreneurial Signaling, Nikhil Ramkrishna Bandodkar

All Dissertations

Value creation is often at the core of many organizational activities and is often reflected in the exploration and exploitation of opportunities to foster organizational growth. In modern organizations, information technology (IT) plays a significant role in creating business value and building substantial competitive advantage. While in the traditional conception of the process, value creation often occurred within the organization through its activities and outside markets, present day organizations often open their organizational boundaries to engage external expertise, innovate continuously, and locate new sources of value creation. Towards this end, the present dissertation looks at new sources, processes, and outcomes …

Gender And Ethnic Diversity In Us Boardrooms: Is The Glass Ceiling Stifling Firm Financial Growth?, Dionne Roberts

Business Administration Dissertations

The purpose of this research was to explore the relationship between diversity within the boards of directors of American companies and firm financial growth. Specifically, this study sought to determine the question of whether a relationship exists between medium-term growth in a firm’s accounting returns and the inclusion of a) minority women, b) ethnic minorities, or c) women on its board of directors. The supporting analysis for this inquiry included an in-depth examination of the five-year growth rates in ROE, ROA, and profit margins of 439 companies between 2011 and 2015. These companies operate across eight industry groups and are …

The Battle Over Stockholders Voice: A Critique Of Agar V. Judy And The Standard Of Review Problem In Manipulation Of Stockholders’ First Amendment Rights, Yair Y. Even-Tal

South Carolina Journal of International Law and Business

No abstract provided.

Executive Director Experiences With Consumer Operated Service Provider Governing Board Members, Merideth Mccallick Erickson

Walden Dissertations and Doctoral Studies

Consumer Operated Service Providers (COSPs) are programs that are directed and administratively controlled by mental health consumers for their peers. As such, many mental health consumers have been placed in the position of serving on a COSP and often with unclear descriptions and no training. As a result, there is often a disconnect between the will of the board and the vision of the executive director, leading to tension and the possibility of failed mission. Using servant leadership as the guide, the goal of this case study was to explore the experiences of executive directors who operate Consumer Operated Service …

College Of Education News, College Of Education, Georgia Southern University

College of Education News (2011-2023)

• Middle grades candidates serve on state-wide board
• Middle grades candidates attend Middle Level Summit at Georgia College

Relational Pluralism In Boards Of Directors: A Multidimensional View, Zhu Zhu

Dissertations, Theses, and Capstone Projects

A large body of literature has been devoted to explaining the influence of corporate boards on their firms’ financial performance, yet the findings paint a puzzling picture. My dissertation seeks to shed light on current research by paying nuanced attention to latent board characteristics and obtaining a more comprehensive understanding of the board-performance relationship. I adapt a relational pluralistic perspective of the board to empirically examine multiple facets of director ties, identities, power relations, and networks and their effect on firm performance. This relational view of the board extends the current understanding of director behavior by aggregating director relationships on …