Corporate Board Attributes, Team Effectiveness and Financial Performance

28 Pages Posted: 29 Apr 2009

See all articles by G. Tyge Payne

G. Tyge Payne

Texas Tech University - Rawls College of Business

George S. Benson

University of Texas at Arlington

David Finegold

Rutgers School of Management and Labor Relations - New Brunswick

Abstract

Researchers have recently begun to integrate the literatures on corporate boards and team effectiveness in an effort to better understand how boards function and impact company performance. This study identifies five attributes of high-performing teams – knowledge, information, power, incentives and opportunity/time – and argues that these attributes will promote board effectiveness, which in turn influence corporate financial performance. These relationships are investigated using combined survey and archival sources of data for 210 Fortune 1000 companies. Findings indicate that most team effectiveness attributes are associated with higher levels of board effectiveness as rated by the board directors, and that board effectiveness is significantly related to corporate financial performance.

Suggested Citation

Payne, G. Tyge and Benson, George S. and Finegold, David, Corporate Board Attributes, Team Effectiveness and Financial Performance. Journal of Management Studies, Vol. 46, Issue 4, pp. 704-731, June 2009, Available at SSRN: https://ssrn.com/abstract=1396458 or http://dx.doi.org/10.1111/j.1467-6486.2008.00819.x

G. Tyge Payne (Contact Author)

Texas Tech University - Rawls College of Business ( email )

Lubbock, TX 79409
United States
(806) 742-1514 (Phone)

HOME PAGE: http://www.texastech.edu/search/Default.aspx?q=G.+Tyge+Payne&site=texas_tech&client=texas_tech&proxy

George S. Benson

University of Texas at Arlington ( email )

415 S West St Apt no 205
Arlington, TX 76019
United States

David Finegold

Rutgers School of Management and Labor Relations - New Brunswick ( email )

Piscataway, NJ 08854
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
2
Abstract Views
1,204
PlumX Metrics