执行董事会主席:检查企业治理混合的业绩后果
Robert Langan1, Ryan Krause2, Markus Menz1
1University of Geneva.
概括
执行董事会主席的角色,结合监督和战略,可以提高公司的业绩. 这种混合领导力在首席执行官监控至关重要时最有效,但在组织复杂性较高的情况下则不那么重要.
科学领域:
- 公司治理 公司治理
- 组织行为 组织行为
- 战略管理的战略管理.
背景情况:
- 机构理论传统上要求独立监督的CEO和董事会主席角色分开.
- 最近的公司治理创新挑战了这种分离,引入了混合型领导模式.
- 执行董事会主席的角色结合了监督和战略决策,与传统的机构理论有所不同.
研究的目的:
- 调查执行董事会主席职位对业绩的影响.
- 确定在一个角色中将监督和战略结合起来是否能够解决现有的权衡问题.
- 检查CEO监控需求和组织复杂性如何调节这种关系.
主要方法:
- 对标普1500公司的实证分析.
- 从2003年到2017年收集的数据.
- 统计建模用于测试有关执行董事会主席影响的假设.
主要成果:
- 执行董事会主席职位通常支持绩效优势.
- 当首席执行官监控非常需要时,积极的影响更为强烈.
- 益处随着组织复杂性增加和董事会领导要求增加而减少.
结论:
- 执行董事会主席创新可以将独立监督与战略参与相协调.
- 背景因素,如监控需求和复杂性,显著影响这种混合作用的有效性.
- 这些发现挑战了传统的代理理论,证明了综合董事会领导的潜在绩效益.
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