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Power In The Corporate Boardroom : Development Of Board Power And Ceo Power Indexes, David Gavin
Power In The Corporate Boardroom : Development Of Board Power And Ceo Power Indexes, David Gavin
Legacy Theses & Dissertations (2009 - 2024)
This study focused on the development of two new measures: one of board of director power and one of CEO power. The first goal was to develop a new measure of board power. While there have been many studies on the individual elements of board power, the empirical results have been inconsistent and mixed. The underlying position of this paper is that no single element adequately explains the relationship between board power and outcome variables such as firm financial performance. In this study, the new board power measure was composed of multiple elements and an index was created.