文章基本信息

标题：Corporate Governance in the Small Firm: Prescriptions for CEOS and Directors
本地全文：下载
作者：Catherine M. Daily ; Dan R. Dalton
期刊名称：Journal of Small Business Strategy
印刷版ISSN：1081-8510
出版年度：1994
卷号：5
期号：1
页码：57-68
出版社：Bradley University
摘要：Examinations of boards of directors of smaller corporations have been largely absent from the academic literature. This study addresses this void by examining several aspects of commonly prescribed board configurations for entrepreneurial (high growth) and small (stable growth ) corporations. Specifically, we address board composition and board leadership structure, as well as the impact of officer and director stock holdings and institutional holdings. Stepwise multiple regression analysis reveals that these governance variables significantly add to the explanation of financial performance for both sets of firms. The implications of these findings for Chief Executive Officers (CEOs) and boards of directors are discussed.