Determinants of the Size and Structure of Corporate Boards: 1935-2000

By K. Lehn, Sukesh Patro, Mengxin Zhao. 2003

448 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/6b1c056593e466c30950299a3fe5bec8de366739

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Strategy and Management

Citations in the corpus

Compensation committee governance quality, chief executive officer stock option grants, and future firm performance (2009, background): “We include GROW because several studies find that board independence is negatively associated with growth opportunities (e.g., Bathala and Rao 1995, Lehn et al. 2003, Linck et al. 2005).”
Additions to corporate boards: the effect of gender (2005, unknown): “Further, Lehn et al. (2003) find evidence that the size and structure of boards have evolved endogenously over time.”
Board structure and survival of new economy IPO firms (2012, unknown): “Board size, and other included control variables such as firm size (C_SIZE), offer size (OF_SIZE), and offer price (OF_PRICE) could be potentially affected by simultaneity (Lehn et al., 2003).”
The causal effect of board size in the performance of small and medium-sized firms (2008, background): “Lehn et al. (2003) we find that standard controls such as firm size, firm age, and business group affiliation are strong determinants of board size.”
Board Size and the Variability of Corporate Performance (2008, background): “For example, facing more uncertain prospects, firms with more variable performance may shrink their boards so as to enhance the promptness of board decisions (e.g., Lehn, Patro, and Zhao, 2003).”
Bank Board Structure and Performance: Evidence for Large Bank Holding Companies (2011, background): “Over time, banks are becoming larger and arguably more complex, yet Figure 2 shows that board size is decreasing over time.”
Boards: Does One Size Fit All? (2008, unknown): “These findings should be placed in the context of three contemporaneous, related papers, Boone, Field, Karpoff, and Raheja (2007), Lehn, Patro, and Zhao (2004), and Linck, Netter, and Yang (2007).”
The Determinants of Corporate Board Size and Composition: An Empirical Analysis (2007, unknown): “Crutchley, Garner, and Marshall (2004) and Lehn, Patro, and Zhao (2005) argue that larger firms demand more outside directors because their large size gives rise to more significant agency problems.”
Does one hat fit all? The case of corporate leadership structure (2007, background): “Similarly, Milbourn (2003) suggests a positive association between CEO tenure and reputation because well-functioning internal control systems would eliminate poor CEOs before they stay long enough to cause significant damage, thus ensuring that long-serving CEOs have a reasonable performance reputa”
Corporate Governance Myths: Comments on Armstrong, Guay, and Weber (2010, unknown): “16 In fact Lehn et al. (2007) conclude that firm performance (measured by market-to-book ratios) causes popular governance indices (GIM and BCF) to increase, not vice versa.”