Board leadership structure and diversity over CEO time in office: A test of the evolutionary perspective on Italian firms

Fabio Zona

European Management Journal, 2014, vol. 32, issue 4, 672-681

Abstract: An evolutionary perspective on CEO-board relations suggests that CEO objectives and interests change over time, and that board roles should shift accordingly, from CEO leadership development during the early stages of CEO time in office toward monitoring during the latest stages. This study examines how two board characteristics, board leadership structure and board diversity, shape innovation investment among Italian firms. Empirical results support the hypothesized effects, suggesting that the board’s effects are contingent upon CEO time in office.

Keywords: CEO; Board; Duality; Board diversity; Innovation (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eurman:v:32:y:2014:i:4:p:672-681

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DOI: 10.1016/j.emj.2013.10.002

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