Metadaten







Promotionsordnung


PromO94

Kumulative Dissertation


nein

Titel


The adoption of board committees in Swiss listed firms

Titel (englisch)



Autor/Autorin


Hu, Yan

2. Autor/Autorin



Geburtsdatum


24.12.1974

Geburtsort


Wuhan, China

Matrikelnummer


02669059

Schlagwörter (GND)


Schweiz; Aktiengesellschaft; Verwaltungsrat (Aktienrecht); Betriebsausschuss; Corporate Governance; Geschichte 2001-2005

DDC (Dewey Decimal Classification)


Wirtschaft - 330

Freie Stichwörter (deutsch)


Verwaltungsrat; Ausschüsse des Verwaltungsrats

Freie Stichwörter (englisch)


Boards of directors; board committees; committee composition; interlocking directorates; foreign directors; diffusion of practices

Kurzfassung



Kurzfassung (englisch)


The dissertation examines the factors associated with the adoption of three board committees, including audit, nomination, and remuneration committees. Drawing on three theoretical perspectives, namely, the institutional, social network and upper echelons perspective, the study analyzes the adoption of board committees among 199 Swiss publicly listed firms between the period of 2001 and 2005. The results show that firms centrally located in the network are more likely to adopt board committees. In addition, firms are more likely to adopt board committees if their directors sit on the boards of firms that have previously adopted board committees. The findings of the study lend support to the notion of interlocking directorates as communication and information channels between firms. Moreover, the results demonstrate that different kinds of interlocking directorships have different impacts on the adoption of board committees. Non-directional ties and neutral ties to prior adopters have a positive effect on the adoption of board committees. While there is no relationship between the number of committees and firms' network centrality, the number of committees is positively related to the number of interlock ties to prior adopters. Further, US/UK directors have a positive influence on the adoption of board committees, but a negative influence on the adoption of combined nomination and remuneration committees. The results suggest that US/UK directors facilitate the diffusion of governance practices across national borders, but their influence is bounded by their national institutional environments. Finally, interlocking directorates also have a positive influence on the composition of board committees in terms of committee independence. Firms centrally located in the network are more likely to adopt board committees consisting of a majority of independent directors. Also, the number of independent directors on board committees is positively associated with the number of interlock ties that have board committees consisting of a majority of independent directors.

Universität


Universität St.Gallen

Referent/Referentin


Ruigrok, Winfried (Prof. PhD)

Korreferent/Korreferentin


Hilb, Martin (Prof. Dr.)

Erweitertes Diss. Komitee



Fachgebiet


Wirtschaftswissenschaften

Sprache


ENG

Promotionstermin (dd.mm.yyyy)


22.02.2010

Erstellungsjahr (yyyy)


2009

Dokumentart


Dissertation

Format


PDF

Dissertationsnummer


3726

Quelle



PDF-File


dis3726.pdf

Dokumentverknüpfung


Link zu diesem Dokument







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