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Board-Management Relationships: Resources and Internal Dynamics


  • Ljiljana Erakovic

    () (The University of Auckland, Department of Management & International Business, The University of Auckland Business School)

  • Sanjay Goel

    () (University of Minnesota, Department of Management Studies, School of Business and Economics)


This paper investigates directors’ relationships with firms’ managers, using lenses of resource dependence theory and resource based view. Because of different roles that board members perform in modern organisations we seek to find out what board-management relationships may provide a company with competitive advantage relative to other firms. The paper reports the results from a study conducted in six New Zealand companies. We used multiple respondents from the top management and board members in a variety of firms from different industries. Qualitative analysis of interview transcripts, and matching the qualitative results with secondary information on the companies, reveal several interesting patterns of relationship among top management and board members, as well as the value of this relationship to the firm.

Suggested Citation

  • Ljiljana Erakovic & Sanjay Goel, 2008. "Board-Management Relationships: Resources and Internal Dynamics," management revue. Socio-economic Studies, Rainer Hampp Verlag, vol. 19(1+2), pages 53-69.
  • Handle: RePEc:rai:mamere:doi_10.1688/1861-9908_mrev_2008_1+2_erakovic

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    Cited by:

    1. Abdullah, Azrul & Ku Ismail, Ku Nor Izah & Mat Isa, Norshamshina, 2015. "Risk Management Committee and Disclosure of Hedging Activities Information among Malaysian Listed Companies," MPRA Paper 77962, University Library of Munich, Germany.
    2. Azrul Abdullah & Ku Nor Izah Ku Ismail & Norshamshina Mat Isa, 2015. "Risikomanagement-Ausschuss und Offenlegung von Hedging-Aktivitäten Informationen unter Malaysian gelisteten Unternehmen
      [Risk Management Committee and Disclosure of Hedging Activities Information A
      ," Post-Print halshs-01509153, HAL.

    More about this item


    corporate governance; board-management dynamics; resource dependence; resource-based view;

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • J53 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Labor-Management Relations; Industrial Jurisprudence
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General


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