The effects of board size and diversity on strategic change

1 March 1994

journal article
research article
Published by Wiley in Strategic Management Journal

Vol. 15 (3) , 241-250
https://doi.org/10.1002/smj.4250150305

Abstract

This study examines an important potential conflict between the institutional, governance, and strategic functions of boards. We specifically test how higher levels of board size and diversity, traditionally associated with optimal institutional and governance performance of boards, affect the boards ability to initiate strategic changes during periods of environmental turbulence. Our findings suggest that board diversity, in particular, may be a significant constraint on strategic change.

Keywords

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