IDEAS home Printed from https://ideas.repec.org/a/sae/envirc/v19y2001i3p355-372.html
   My bibliography  Save this article

Chief Executive Officers and Nonexecutive Directors: Their Relationships in Small Companies

Author

Listed:
  • David Deakins
  • Eileen O'Neill
  • Patrick Mileham

Abstract

This paper provides an analysis of the role of ‘outside’ or nonexecutive directors (NEDs) and their relationship with chief executive officers (CEOs) and entrepreneurs or ‘insiders’ in small growth companies. We discuss research results from a matched sample of forty-six interviews with a core sample of twenty-three companies with matched CEOs and NEDs. Findings are placed in the context of European small and medium-sized enterprises, where great attention has been given to the future development of long-term relationships such as those brought by outside directors in small companies.

Suggested Citation

  • David Deakins & Eileen O'Neill & Patrick Mileham, 2001. "Chief Executive Officers and Nonexecutive Directors: Their Relationships in Small Companies," Environment and Planning C, , vol. 19(3), pages 355-372, June.
    • Handle: RePEc:sae:envirc:v:19:y:2001:i:3:p:355-372
    DOI: 10.1068/c0007
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1068/c0007
    Download Restriction: no
    File URL: https://libkey.io/10.1068/c0007?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. John A. Pearce & Shaker A. Zahra, 1991. "The relative power of ceos and boards of directors: Associations with corporate performance," Strategic Management Journal, Wiley Blackwell, vol. 12(2), pages 135-153, February.
    2. Don Knight & Craig L. Pearce & Ken G. Smith & Judy D. Olian & Henry P. Sims & Ken A. Smith & Patrick Flood, 1999. "Top management team diversity, group process, and strategic consensus," Strategic Management Journal, Wiley Blackwell, vol. 20(5), pages 445-465, May.
    3. Keasey, Kevin & Short, Helen & Watson, Robert, 1994. "Directors' Ownership and the Performance of Small and Medium Sized Firms in the U.K," Small Business Economics, Springer, vol. 6(3), pages 225-236, June.
    4. Sapienza, Harry J., 1992. "When do venture capitalists add value?," Journal of Business Venturing, Elsevier, vol. 7(1), pages 9-27, January.
    5. Anthony L. Iaquinto & James W. Fredrickson, 1997. "Top Management Team Agreement About The Strategic Decision Process: A Test Of Some Of Its Determinants And Consequences," Strategic Management Journal, Wiley Blackwell, vol. 18(1), pages 63-75, January.
    6. Donald C. Hambrick & Richard A. D'Aveni, 1992. "Top Team Deterioration as Part of the Downward Spiral of Large Corporate Bankruptcies," Management Science, INFORMS, vol. 38(10), pages 1445-1466, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Talaulicar, Till & Grundei, Jens & Werder, Axel v., 2005. "Strategic decision making in start-ups: the effect of top management team organization and processes on speed and comprehensiveness," Journal of Business Venturing, Elsevier, vol. 20(4), pages 519-541, July.
    2. Patzelt, Holger & zu Knyphausen-Aufseß, Dodo & Fischer, Heiko T., 2009. "Upper echelons and portfolio strategies of venture capital firms," Journal of Business Venturing, Elsevier, vol. 24(6), pages 558-572, November.
    3. Corrado Cuccurullo & Federico Lega, 2013. "Effective strategizing practices in pluralistic settings: the case of Academic Medical Centers," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 17(3), pages 609-629, August.
    4. Ramos-Garza, Claudia, 2009. "TMT strategic consensus in Mexican companies," Journal of Business Research, Elsevier, vol. 62(9), pages 854-860, September.
    5. Paul Westhead, 1999. "Factors Associated with the Employment of Non-Executive Directors by Unquoted Companies," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 3(1), pages 81-111, March.
    6. Patricia Pitcher & Anne D. Smith, 2001. "Top Management Team Heterogeneity: Personality, Power, and Proxies," Organization Science, INFORMS, vol. 12(1), pages 1-18, February.
    7. Fiet, James O. & Busenitz, Lowell W. & Moesel, Douglas D. & Barney, Jay B., 1997. "Complementary theoretical perspectives on the dismissal of new venture team members," Journal of Business Venturing, Elsevier, vol. 12(5), pages 347-366, September.
    8. Ciampi, Francesco, 2015. "Corporate governance characteristics and default prediction modeling for small enterprises. An empirical analysis of Italian firms," Journal of Business Research, Elsevier, vol. 68(5), pages 1012-1025.
    9. Olie René & Heijltjes Mariëlle G. & Glunk Ursula, 2003. "Continuity And Renewal At The Top: Performance Effects Of The Level, Extent, Type And Frequency Of Top Management Team Changes," Research Memorandum 059, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    10. Rapert, Molly Inhofe & Velliquette, Anne & Garretson, Judith A., 2002. "The strategic implementation process: evoking strategic consensus through communication," Journal of Business Research, Elsevier, vol. 55(4), pages 301-310, April.
    11. Xin Huang & Koichi Nakagawa & Jie Li, 2017. "Effects of Top Management Team Characteristics on Corporate Charitable Activities: Evidence from the Board for Small and Medium-sized Enterprises in China," Discussion Papers in Economics and Business 17-30, Osaka University, Graduate School of Economics.
    12. Lu, Qicheng & Meng, Xiangju & Su, Jiaoyue & Au Kai Ming, Alan & Wu, Yongjie & Wang, Chengqi, 2023. "TMT functional background heterogeneity and SMEs’ performance: The role of dynamic capabilities and business environment," Journal of Business Research, Elsevier, vol. 160(C).
    13. Forbes, Daniel P. & Korsgaard, M. Audrey & Sapienza, Harry J., 2010. "Financing decisions as a source of conflict in venture boards," Journal of Business Venturing, Elsevier, vol. 25(6), pages 579-592, November.
    14. Hutzschenreuter, Thomas & Kleindienst, Ingo, 2013. "(How) Does discretion change over time? A contribution toward a dynamic view of managerial discretion," Scandinavian Journal of Management, Elsevier, vol. 29(3), pages 264-281.
    15. Garry Bruton & Vance Fried & Robert D. Hisrich, 1997. "Venture Capitalist and CEO Dismissal," Entrepreneurship Theory and Practice, , vol. 21(3), pages 41-54, April.
    16. Liqiang Chen & Hong Fan & Xiaofei Song, 2023. "Impact of professor‐directors on Chinese firms' environmental performance," International Review of Finance, International Review of Finance Ltd., vol. 23(4), pages 696-720, December.
    17. Wrona, Thomas & Ladwig, Tina & Gunnesch, Markus, 2013. "Socio-cognitive processes in strategy formation – A conceptual framework," European Management Journal, Elsevier, vol. 31(6), pages 697-705.
    18. Alperovych, Yan & Hübner, Georges & Lobet, Fabrice, 2015. "How does governmental versus private venture capital backing affect a firm's efficiency? Evidence from Belgium," Journal of Business Venturing, Elsevier, vol. 30(4), pages 508-525.
    19. Christophe Bonnet, 2003. "Confiance et gouvernement des entreprises: le rôle de la confiance dans la relation capital-investisseurs et dirigeants et son influence sur la performance," Grenoble Ecole de Management (Post-Print) hal-00451522, HAL.
    20. Zahra, Shaker A., 1996. "Technology strategy and new venture performance: A study of corporate-sponsored and independent biotechnology ventures," Journal of Business Venturing, Elsevier, vol. 11(4), pages 289-321, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:envirc:v:19:y:2001:i:3:p:355-372. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.