2011
DOI: 10.2139/ssrn.864184
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Does the Rolodex Matter? Corporate Elite's Small World and the Effectiveness of Boards of Directors

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Cited by 60 publications
(73 citation statements)
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References 32 publications
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“…Finally, we identify whether or not individuals have graduated from a so‐called Grande Ecole (top French school). These Grandes Ecoles ( Polytechnique , Ecole des Mines , ENA, IEP Paris, HEC, ESSEC, and ESCP) play an important role in shaping directorate and top executives’ networks in France (see Kramarz and Thesmar ; Nguyen ). Appendix discusses in more detail the French Grandes Ecoles system.…”
Section: The Characteristics Of Rookie Female Directorsmentioning
confidence: 99%
“…Finally, we identify whether or not individuals have graduated from a so‐called Grande Ecole (top French school). These Grandes Ecoles ( Polytechnique , Ecole des Mines , ENA, IEP Paris, HEC, ESSEC, and ESCP) play an important role in shaping directorate and top executives’ networks in France (see Kramarz and Thesmar ; Nguyen ). Appendix discusses in more detail the French Grandes Ecoles system.…”
Section: The Characteristics Of Rookie Female Directorsmentioning
confidence: 99%
“…They find that such firms are more likely to have management on the board nominating committee, appear to be poorly governed, and more likely to increase both earnings management and CEO compensation following these board appointments. Nguyen () further shows that when the CEO and a number of directors belong to the same social networks, the CEO is less likely to be dismissed for poor performance. Such findings suggest that close social ties between board members and CEOs impact the workings of the board of directors.…”
Section: Attributes Of An Effective Board Of Directorsmentioning
confidence: 99%
“…Boards of directors are responsible for hiring and supervising executives and have been studied to understand how they monitor performance to appropriately prompt turnover as well as their role in managing transitions (Fredrickson, Hambrick, and Baumrin ). For example, a board composition balanced toward outside members has been found to be independent of executive control, and, as such, more effective at performance monitoring and managing of executive transitions (Huson, Malatesta, and Parrino ; Nguyen ; Phan and Lee ).…”
Section: Literature Reviewmentioning
confidence: 99%