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Multiple directorships and related parties transactions: The weakness of numbers
European Journal of Business Science and Technology
View Archive Info| Field | Value | |
| Title |
Multiple directorships and related parties transactions: The weakness of numbers
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| Creator |
Tijani, Oladipupo Muhrtala
Sanni, Mubaraq Ishola, Karimu Adebayo |
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| Description |
We examine whether the presence of outside directors with multiple boards seats influence firms related-parties transactions. These non-executive directors with vast skill, experience, knowledge, prestige and shared networks are part of major Boards Committees responsible for key corporate policies, strategy and management. Subsequently, it remains an untested assumption whether the outcome of related parties' transactions are influenced by the presence of this class of `busy directors'. We obtain data from 142 companies across five sectors between 2009 and 2014 and conduct analysis using a two-stage multiple regression. The results reveal that the existence of multiple directorships on boards failed to evolve as predictors for related parties' transactions. We thus conclude that the presence of these `busy directors' on boards does not alter a firm's related parties' transactions. Overall, this may suggest that the influence of executive directors and other outside directors and key management personnel do play an important role in explaining organizationally complex strategic decisions in this regard.
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| Publisher |
Mendel University in Brno
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| Date |
2015-12-30
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
application/pdf application/msword application/msword application/msword |
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| Identifier |
https://journal.ejobsat.cz/index.php/ejobsat/article/view/12
10.11118/ejobsat.v1i2.12 |
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| Source |
European Journal of Business Science and Technology; Vol 1 No 2 (2015); pp. 137–148
2694-7161 2336-6494 |
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| Language |
eng
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| Relation |
https://journal.ejobsat.cz/index.php/ejobsat/article/view/12/pdf_9
https://journal.ejobsat.cz/index.php/ejobsat/article/view/12/93 https://journal.ejobsat.cz/index.php/ejobsat/article/view/12/94 https://journal.ejobsat.cz/index.php/ejobsat/article/view/12/95 https://journal.ejobsat.cz/index.php/ejobsat/article/view/12/96 |
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| Rights |
Copyright (c) 2016 European Journal of Business Science and Technology
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