This study builds on structural elaboration theory by developing a model to explain the adoption of board structures that appear to conform to the prevailing institutional logic, but that in fact contradict it. We test our theory with the case of CEO-only board structures, a formal increase in...

While prior work shows that a firm's market performance affects its directors' loyalty, little is known about how a firm's social values and perceived social responsibility affect directors' willingness to serve. In this project, we shed light on this question by exploring how social movement...