IDEAS home Printed from https://ideas.repec.org/p/wuk/nofidp/9805.html
   My bibliography  Save this paper

Power Dimensions in the Board and outside Director Independence: Evidence from large Industrial UK Firms

Author

Listed:
  • Henri Udueni

Abstract

This paper examines the independence of outside directors in large UK corporations. It also establishes firms (1750 directors) from 28 sectors. The findings have strong implications for the operationalisation and measurement of board composition and structure in empirical work. The study (by incorporating CEO influence on director’s appointment process) offers wide ranging opportunities for examining if board composition and outside director independence matters. Hypothesis that tests if the CEO influence of the nomination process affect board independence could be examined. Our reliable and valid objective estimates of power in the board will facilitate the consideration of power dynamics (presently largely ignored) in empirical works investigating the performance effect of the board. Finally, our power dimension factors discovered serves as useful solution to the problem of multicollinearity in regression methods employing several governance mechanisms as explanatory variables.

Suggested Citation

  • Henri Udueni, "undated". "Power Dimensions in the Board and outside Director Independence: Evidence from large Industrial UK Firms," SMF Discussion Paper Series 9805, University of Nottingham, School of Management & Finance.
    • Handle: RePEc:wuk:nofidp:9805
    as

    Download full text from publisher

    File URL: http://www.nottingham.ac.uk/~lizsmf/1998-vi.pdf
    Download Restriction: no
    File URL: http://www.nottingham.ac.uk/~lizsmf/1998-vi.exe
    Download Restriction: no
    ---><---

    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:wuk:nofidp:9805. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: WoPEc Project (email available below). General contact details of provider: https://edirc.repec.org/data/smnotuk.html .

    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.