Seeing the big picture: Board Chair's network in corporate performance explaining

Ruifan Chen, Runnan Chen and Feng He

International Review of Economics & Finance, 2025, vol. 97, issue C

Abstract: This study investigates the role of social network in the interpretation of corporate performance from board chair's network connections perspective. We quantify external attributions through textual analysis of management earnings forecasts issued by Chinese A-share listed companies from 2008 to 2017. The results show that higher network centrality of the board chair significantly reduces a firm's tendency to attribute performance to external factors. In addition, the board chair's network helps mitigate self-serving attribution bias. This effect is achieved through understanding of the business environment, monitoring effectiveness, and corproate long-term investment. This study enriches the literature on executive networks, disclosure strategies, and behavioral biases in corporate decision-making, providing new insights to understand corporate behavior.

Keywords: Board chair; Network centrality; Self-serving attribution bias; Textual analysis (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1059056024007731
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:97:y:2025:i:c:s1059056024007731

DOI: 10.1016/j.iref.2024.103781

Access Statistics for this article

International Review of Economics & Finance is currently edited by H. Beladi and C. Chen

More articles in International Review of Economics & Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().