832 resultados para Boards Of Directors


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At head of title: 1891/92-1921, "Cotton belt route." St. Louis Southwestern Railway Co. including the St. Louis Southwestern Railway Co. of Texas (1891/92-1898/99,...and Tyler Southeastern Railway Co.); 1922- "Cotton belt route." St. Louis Southwestern Railway Co. and subsidiary companies

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Title varies slightly.

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The role of the board of directors in firm strategy has long been the subject of debate. However, research efforts have suffered from several deficiencies: the lack of an overarching theoretical perspective, reliance on proxies for the strategy role rather than a direct measure of it and the lack of quantitative data linking this role to firm financial performance. We propose a new theoretical perspective to explain the board's role in strategy, integrating organisational control and agency theories. We categorise a board's approach to strategy according to two constructs: strategic control and financial control. The extent to which either construct is favoured depends on contextual factors such as board power, environmental uncertainty and information asymmetry.