Combs, James G.; Ketchen, David J.; Perryman, Alexa A.; … - In: Journal of Management Studies 44 (2007) 8, pp. 1299-1323
Prior studies of the relationship between the composition of boards of directors and firm performance offer equivocal results. Drawing on agency and power circulation theories, we attempt to reduce this equivocality by asserting that CEO power moderates the relationship. Specifically, an outside...