The Role of the board of directors in corporate strategic decision-making

Australian evidence

Rongrong Chen, Maria Cadiz Dyball, Sue Wright

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contribution

Abstract

This study explores the role of the board of directors in corporate strategic decision-making in Australia. In particular, it investigates the association between board composition and corporate diversification. Based on a random sample of 101 Australian publicly listed firms for the financial year ended 2005, this study finds that board composition (in terms of inside and outside directors) is not associated with corporate decisions on product and/or geographic diversification. A similar result is found for boards with more interlocking directors and institutional representatives. A number of implications on corporate governance are drawn from these findings.
Original languageEnglish
Title of host publicationProceedings of the fifth Asia Pacific Interdisciplinary Research in Accounting Conference
EditorsStewart Lawrence, Markus J. Milne
Place of PublicationAuckland
PublisherAPIRA 2007 Organising Committee
Number of pages36
Publication statusPublished - 2007
EventAsia Pacific Interdisciplinary Research in Accounting Conference (5th : 2007) - Auckland
Duration: 8 Jul 200710 Jul 2007

Conference

ConferenceAsia Pacific Interdisciplinary Research in Accounting Conference (5th : 2007)
CityAuckland
Period8/07/0710/07/07

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  • Cite this

    Chen, R., Dyball, M. C., & Wright, S. (2007). The Role of the board of directors in corporate strategic decision-making: Australian evidence. In S. Lawrence, & M. J. Milne (Eds.), Proceedings of the fifth Asia Pacific Interdisciplinary Research in Accounting Conference Auckland: APIRA 2007 Organising Committee.