Board engagement with digital technologies: A resource dependence framework

Fabio Oliveira, Nada Kakabadse and Nadeem Khan

Journal of Business Research, 2022, vol. 139, issue C, 804-818

Abstract: This exploratory qualitative inquiry examines the perspectives of 26 board members in medium-sized, privately held companies operating in the United Kingdom. The study question investigates how digital technologies (DT)11Digital technologies (DT); Resource Dependence Theory (RDT); board of directors (BDs); strategic firm decision-making (SDM); top management team (TMT). are impacting on board director capabilities. Different board members’ experiences from their own perspectives are examined, with attention on capturing the influence of digital technologies on the way that board directors work. Thematic analysis offers a rigorous approach to analysis and enables articulating deeper and meaningful understandings of individual director experiences. Findings presented as a framework, indicate that DT impacts all board directors’ capabilities as four major aspects: gathering, interpreting and sharing information; board stewardship; blue-sky strategizing; and scoping predictive strategic priorities. Theoretical contribution is to Resource Dependence Theory (RDT) as an outcome-focused lens, which best explains a firm’s interest in digital technological advantage through board contribution and outcomes. In conclusion, practical insights for board members and regulators are highlighted.

Keywords: Digital technologies; Digital transformation; Corporate governance; Resource dependence theory; Board of directors; Digitalization (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:139:y:2022:i:c:p:804-818

DOI: 10.1016/j.jbusres.2021.10.010

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