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- Publisher
- Wiley
- Copyright
- Copyright © 1994 John Wiley & Sons, Ltd.
- ISSN
- 0143-2095
- eISSN
- 1097-0266
- DOI
- 10.1002/smj.4250150305
- Publisher site
- See Article on Publisher Site
Abstract
This study examines an important potential conflict between the institutional, governance, and strategic functions of boards. We specifically test how higher levels of board size and diversity, traditionally associated with optimal institutional and governance performance of boards, affect the boards ability to initiate strategic changes during periods of environmental turbulence. Our findings suggest that board diversity, in particular, may be a significant constraint on strategic change.
Journal
Strategic Management Journal – Wiley
Published: Mar 1, 1994