The University of Southampton
University of Southampton Institutional Repository

The influence of institutions on the proportion of social elites on boards of business group IPO firms in emerging economies

The influence of institutions on the proportion of social elites on boards of business group IPO firms in emerging economies
The influence of institutions on the proportion of social elites on boards of business group IPO firms in emerging economies
This study examines the differential impact of the quality and structure of institutional environment on proportions of boards comprised of social elites in business group constituents as opposed to unaffiliated firms. Using a unique sample of 136 private sector initial public offering (IPO) firms from 17 emerging African economies we find business group constituents are associated with marginally higher proportions of social elites in board roles. This is positively moderated by common law legal origin - underscoring the importance of elites in monitoring and oversight of market governance - and inversely moderated by institutional quality – reflecting narrow political economies.
Hearn, Bruce
45dccea3-9631-4e5e-914c-385896674dc2
Hearn, Bruce
45dccea3-9631-4e5e-914c-385896674dc2

Hearn, Bruce (2016) The influence of institutions on the proportion of social elites on boards of business group IPO firms in emerging economies. In Academy of International Business Annual Meeting, New Orleans, USA.

Record type: Conference or Workshop Item (Paper)

Abstract

This study examines the differential impact of the quality and structure of institutional environment on proportions of boards comprised of social elites in business group constituents as opposed to unaffiliated firms. Using a unique sample of 136 private sector initial public offering (IPO) firms from 17 emerging African economies we find business group constituents are associated with marginally higher proportions of social elites in board roles. This is positively moderated by common law legal origin - underscoring the importance of elites in monitoring and oversight of market governance - and inversely moderated by institutional quality – reflecting narrow political economies.

Text
Paper 1
Download (616kB)

More information

Published date: 20 July 2016
Venue - Dates: AIB 2016 Annual Meeting, New Orleans, United States, 2016-06-27 - 2016-06-30

Identifiers

Local EPrints ID: 423317
URI: https://eprints.soton.ac.uk/id/eprint/423317
PURE UUID: e9e344f8-be0c-42fb-bf71-c058d2ff337d
ORCID for Bruce Hearn: ORCID iD orcid.org/0000-0001-9767-0198

Catalogue record

Date deposited: 20 Sep 2018 16:30
Last modified: 14 Mar 2019 01:22

Export record

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton: eprints@soton.ac.uk

ePrints Soton supports OAI 2.0 with a base URL of https://eprints.soton.ac.uk/cgi/oai2

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×