Dimensions of CEO–Board Relations

32 Pages Posted: 20 Oct 2011

See all articles by Brian Boyd

Brian Boyd

Arizona State University (ASU)

Katalin Takacs Haynes

University of Delaware - Business Administration

Fabio Zona

Bocconi University - Department of Management and Technology

Date Written: December 2011

Abstract

Interactions between CEOs and their boards of directors are a prominent focus of management and strategy research. Despite the extensive literature on CEO–board relations, to date there has been limited integration of theoretical perspectives and measurement schemes. Through an extensive analysis of published studies, we hope to facilitate future research on CEO–board relations. We begin with a comparison of key theoretical approaches. Next, we conduct a content analysis of 51 empirical articles. We find that prior studies have an unbalanced focus regarding both topics and theoretical perspectives, and that there is limited consistency in the choice of measures. Based on this review, we lay out a number of promising directions for future research. We also find that, while there has been progress in international research on CEO–board relations, there are still many unanswered questions regarding the generalizability of governance theories across different geographic settings.

Suggested Citation

Boyd, Brian and Haynes, Katalin Takacs and Zona, Fabio, Dimensions of CEO–Board Relations (December 2011). Journal of Management Studies, Vol. 48, Issue 8, pp. 1892-1923, 2011, Available at SSRN: https://ssrn.com/abstract=1946665 or http://dx.doi.org/10.1111/j.1467-6486.2010.00943.x

Brian Boyd

Arizona State University (ASU) ( email )

Farmer Building 440G PO Box 872011
Tempe, AZ 85287
United States

Katalin Takacs Haynes

University of Delaware - Business Administration ( email )

214 MBNA America Hall
Orchard Road & Amstel Avenue
Newark, DE 19716-2710
United States

Fabio Zona

Bocconi University - Department of Management and Technology ( email )

Via Roentgen 1
Milan, MI 20136
Italy

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