Interlocks and firm performance: The role of uncertainty in the directorate interlock-performance relationship

Name: Interlocks and firm performance: The role of uncertainty in the directorate interlock-performance relationship
Author: Martin, G., Gözübüyük, Remzi, Becerra, M.

İsim	Interlocks and firm performance: The role of uncertainty in the directorate interlock-performance relationship
Yazar	Martin, G., Gözübüyük, Remzi, Becerra, M.
Basım Tarihi:	2015-02
Basım Yeri	- Wiley
Konu	Directorate interlock, Performance, Uncertainty, Networks, Resource dependence
Tür	Süreli Yayın
Dil	İngilizce
Dijital	Evet
Yazma	Hayır
Kütüphane:	Özyeğin Üniversitesi
Demirbaş Numarası	1097-0266
Kayıt Numarası	075e6bbb-1d0d-476c-ae9f-f0e796d143aa
Lokasyon	Business Administration
Tarih	2015-02
Notlar	Due to copyright restrictions, the access to the full text of this article is only available via subscription.
Örnek Metin	We examine how uncertainty influences the performance effects of directorate interlocks. Our study offers a new perspective of directorate interlocks as mechanisms that enable firms to improve performance when confronted with greater uncertainty, suggesting that uncertainty positively moderates the interlock-performance relationship. This contrasts with the view based on resource dependence theory suggesting networks reduce uncertainty and enhance firm performance, implying that uncertainty mediates the interlock effect upon performance. Using a sample of 3,745 firms across manufacturing industries in the United States during the period 2001–2009, we find support for the moderation argument and less convincing support for mediation, suggesting that firms may not form interlocks necessarily to reduce uncertainty. Instead, firms may create interlocks to enable adaptation and enhance performance when confronted by uncertainty.
DOI	10.1002/smj.2216

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Interlocks and firm performance: The role of uncertainty in the directorate interlock-performance relationship

Yazar Martin, G., Gözübüyük, Remzi, Becerra, M.

Basım Tarihi 2015-02

Basım Yeri - Wiley

Konu Directorate interlock, Performance, Uncertainty, Networks, Resource dependence

Tür Süreli Yayın

Dil İngilizce

Dijital Evet

Yazma Hayır

Kütüphane Özyeğin Üniversitesi

Demirbaş Numarası 1097-0266

Kayıt Numarası 075e6bbb-1d0d-476c-ae9f-f0e796d143aa

Lokasyon Business Administration

Tarih 2015-02

Notlar Due to copyright restrictions, the access to the full text of this article is only available via subscription.

Örnek Metin We examine how uncertainty influences the performance effects of directorate interlocks. Our study offers a new perspective of directorate interlocks as mechanisms that enable firms to improve performance when confronted with greater uncertainty, suggesting that uncertainty positively moderates the interlock-performance relationship. This contrasts with the view based on resource dependence theory suggesting networks reduce uncertainty and enhance firm performance, implying that uncertainty mediates the interlock effect upon performance. Using a sample of 3,745 firms across manufacturing industries in the United States during the period 2001–2009, we find support for the moderation argument and less convincing support for mediation, suggesting that firms may not form interlocks necessarily to reduce uncertainty. Instead, firms may create interlocks to enable adaptation and enhance performance when confronted by uncertainty.

DOI 10.1002/smj.2216