The effects of board size and diversity on strategic change

Jerry Goodstein, Kanak Gautam and Warren Boeker

Strategic Management Journal, 1994, vol. 15, issue 3, 241-250

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.

Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:bla:stratm:v:15:y:1994:i:3:p:241-250

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