Paper Type - Research Paper.Purpose - With boards of directors playing both monitoring and guidance roles, we examine the impact of board structure on firm value in large US and UK firms using the lenses of agency and resource dependence theories. Design/Methodology/Approach - Using a sample of...

Previous studies have primarily focused on the relative success of collectively owned enterprises (COEs) in China during the early years of reform, but they have ignored the agency problems inherent in this type of organizational form that may be an obstacle to further improving performance in a...