Bringing owners back on board: A review of the role of ownership type in board governance

Federo, Ryan; Ponomareva, Yuliya; Aguilera, Ruth V.; Saz-Carranza, Àngel; Losada, Carlos

doi:10.1111/corg.12346

Cited by 53 publications

(62 citation statements)

References 216 publications

(415 reference statements)

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“…The results challenge some of the assumptions of the principal–principal literature. In line with Federo et al (2020), the study demonstrates the need to theorize about specific types of ownership as their propensity to engage in tunneling varies. The authors therefore conclude that much finer‐grained theorizing of principal–principal relationships is needed as a single relationship (between concentrated ownership and tunneling) can vary substantially and robustly in terms of effect sizes and direction based on the type of company ownership.…”

Section: Overview Of the Present Review Issuesupporting

confidence: 83%

“…Based on the current stage of knowledge and remaining research gaps, Banerjee et al (2020) suggest several avenues for future studies that promise novel and valuable insights on the role of the chairperson. These include, in line with Federo et al (2020), the investigation of the role of various types of owners and their involvement in the appointment and practice of the board chair. Moreover, Banerjee et al (2020) call for more studies on how the board chair appointment unfolds and why firms choose specific board configurations.…”

Section: Overview Of the Present Review Issuementioning

confidence: 72%

“…These differences also apply to the relation between ownership type and board governance of the firm. In this regard, Federo et al (2020)…”

Section: Overview Of the Present Review Issuementioning

confidence: 98%

“…These differences also apply to the relation between ownership type and board governance of the firm. In this regard, Federo et al (2020) study the roles of various ownership types in board governance as well as the associated board‐level and firm‐level outcomes. Their comprehensive review of 145 articles from 31 journals identifies six distinct types of ownership pertaining to families, lone founders, corporations, institutional investors, states, and venture capitalists.…”

Section: Overview Of the Present Review Issuementioning

confidence: 99%

“…Our present review issue 2020 contains six first-rate articles that cover a broad set of highly relevant subjects including the role of different types of owners with regard to board governance (Federo, Ponomareva, Aguilera, Saz-Carranza, & Losada, 2020), the position of the chair of the board of directors (Banerjee, Nordqvist, & Hellerstedt, 2020), idiosyncrasies of founder CEOs (Abebe, Li, Acharya, & Daspit, 2020), the relationship between board and top management team (TMT) characteristics and technological innovation (Kurzhals, Graf-Vlachy, & König, 2020), the institutional embeddedness of corporate governance (Zattoni, Dedoulis, Leventis, & Van Ees, 2020), as well as the relationship between different types of ownership and the propensity of tunneling (Solarino & Boyd, 2020). With one exception that employs meta-analysis (cf.…”

mentioning

confidence: 99%

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Taking stock of corporate governance research and future research opportunities

Stathopoulos

Talaulicar

2020

Corporate Governance

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Research on corporate governance is more popular than ever, and its volume continues to increase tremendously. A clear indicator of this is the steep rise in the number of articles submitted to Corporate Governance: An International Review (CGIR), which this year exceeded 700 submissions for the first time in the 28-year history of the journal. CGIR's mission is to publish cutting-edge international research on the phenomena of corporate governance throughout the global economy. We define corporate governance broadly as the exercise of power over corporate entities so as to increase the value provided to the organization's various stakeholders, as well as make those stakeholders accountable for acting responsibly with regard to the protection, generation, and distribution of wealth invested in the firm. Corporate governance research is conducted intensively all over the world, built on a broad variety of theories, and based on various methodological approaches to develop and substantiate new insights. The international scope of corporate governance research is indicated by the diverse set of governance environments studied in recent CGIR articles that include

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Section: Overview Of the Present Review Issuesupporting

confidence: 83%

Section: Overview Of the Present Review Issuementioning

confidence: 72%

“…These differences also apply to the relation between ownership type and board governance of the firm. In this regard, Federo et al (2020)…”

Section: Overview Of the Present Review Issuementioning

confidence: 98%

Section: Overview Of the Present Review Issuementioning

confidence: 99%

mentioning

confidence: 99%

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Taking stock of corporate governance research and future research opportunities

Stathopoulos

Talaulicar

2020

Corporate Governance

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Gender diversity, intellectual capital, and family ownership: An empirical test of Kanter's hypothesis

Ali,

Amin,

Rehman

et al. 2024

Bus Strat Dev

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This study examines the relationship between gender diversity and intellectual capital performance, and moderating role of family ownership on this relationship. The study used 3730 firm‐year observations of 307 nonfinancial firms listed on Pakistan Stock Exchange over the period 2008–2020 and employed ordinary least squares regression analysis to test the hypotheses. More specifically, the study used group composition (skewed board, tilted board, and balanced board) to examine multiple significance levels of gender diversity on boards, and used five measures (modified value‐added intellectual coefficient, human capital efficiency, structural capital efficiency, relational capital efficiency, and capital employed efficiency) of intellectual capital performance. Using lens of agency theory and resource dependence theory, we found that gender diversity positively influences intellectual capital performance, however, the strongest impact is apparent in case of balanced board. Moreover, family ownership positively influences this relationship. Our study complements the efforts of policy makers by providing empirical support for the mandatory placement of females on boards and urge them to increase number of females on corporate boards to derive maximum benefits of female directors. In addition, our results recommend the enhancement of the professional skills of women work force to ensure their maximum participation in the corporate sector.

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Is biodiversity disclosure emerging as a key topic on the agenda of institutional investors?

Ali,

García‐Sánchez,

Aibar‐Guzmán

et al. 2023

Bus Strat Env

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All industries depend on natural capital assets and ecosystem services, either directly, through their supply chains, or through their investments. Companies are therefore challenged to reorient their production systems and turn the conservation and sustainable use of biodiversity into an opportunity for sustainable economic development. In this paper, we analyze the interest of institutional investors in these corporate policies through the role they play in the disclosure that companies make about them. For a balanced data panel of 8,320 firm‐year observations from 832 global companies operating in different sectors of activity over the period 2011–2020, the results obtained indicate that institutional investors, especially those with investment a long‐term investment horizon, are interested in biodiversity commitments and exercise their demand for information on these initiatives through their representatives on the board of directors. Furthermore, we show that companies are rewarded for disclosing relevant information on business policies, biodiversity management, and the valuation of ecosystem services in the value chain.

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Bringing owners back on board: A review of the role of ownership type in board governance

Cited by 53 publications

References 216 publications

Taking stock of corporate governance research and future research opportunities

Taking stock of corporate governance research and future research opportunities

Gender diversity, intellectual capital, and family ownership: An empirical test of Kanter's hypothesis

Is biodiversity disclosure emerging as a key topic on the agenda of institutional investors?

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