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Board composition, political connections, and performance in state-owned enterprises

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dc.affiliation.dptoUC3M. Departamento de Economía de la Empresaes
dc.contributor.authorMenozzi, Anna
dc.contributor.authorGutiérrez Urtiaga, María
dc.contributor.authorVannoni, Davide
dc.date.accessioned2015-04-23T09:51:07Z
dc.date.available2015-04-23T09:51:07Z
dc.date.issued2012-06
dc.description.abstractThis article analyses the effects of board composition on the behavior of a sample of 114 Italian local public utilities, for which information about 1630 directors during 1994 2004 has been collected. This period is particularly interesting be cause of the legal changes that forced many firms to alter their juridical form and accommodated the entrance of private investors. We investigate whether board size and/or board composition do affect decisions about employment and how they ultimately impact performance. Our main findings indicate that politically connected directors, who dominate boards of directors in Italian public utilities, exert a positive and significant effect on employment, and have a negative impact on performance.en
dc.description.statusPublicadoes
dc.format.mimetypeapplication/pdf
dc.identifier.bibliographicCitationMenozzi, Anna; Gutiérrez Urtiaga, María and Vannoni, Davide. Board composition, political connections, and performance in state-owned enterprises. Industrial and Corporate Change, 2012, v. 21, n. 3, pp. 671-698en
dc.identifier.doi10.1093/icc/dtr055
dc.identifier.issn0960-6491
dc.identifier.publicationfirstpage671
dc.identifier.publicationissue3
dc.identifier.publicationlastpage698
dc.identifier.publicationtitleIndustrial and Corporate Changees
dc.identifier.publicationvolume21
dc.identifier.urihttps://hdl.handle.net/10016/20458
dc.language.isoeng
dc.publisherOxford University Pressen
dc.relation.ispartofhttp://hdl.handle.net/10016/20172
dc.relation.publisherversionhttp://dx.doi.org/10.1093/icc/dtr055
dc.rights© Oxford University Pressen
dc.rights.accessRightsopen access
dc.subject.ecienciaEmpresaes
dc.subject.jelG34
dc.subject.jelH42
dc.subject.jelH82
dc.subject.jelJ45
dc.subject.jelK23
dc.subject.jelL25
dc.subject.jelL33
dc.subject.jelL97
dc.titleBoard composition, political connections, and performance in state-owned enterprisesen
dc.typeresearch article*
dc.type.hasVersionAM*
dspace.entity.typePublication
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