Does CEO duality affect board independence? The moderating impact of founder ownership and family blockholding

This study examines the impact of CEO duality on board independence and extends the knowledge by exploring whether the type of firm, the presence of family blockholding, or concentrated founder ownership moderates this impact. The analysis shows that CEO duality improves board independence. The empi...

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Autores principales:	Shashank Bansal, M. Thenmozhi
Formato:	article
Lenguaje:	EN
Publicado:	Elsevier 2021
Materias:	CEO duality Board independence Business groups Corporate governance Ownership structure Business HF5001-6182
Acceso en línea:	https://doaj.org/article/5a1e9548a4d042379c1447771d4d8be6
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spelling	oai:doaj.org-article:5a1e9548a4d042379c1447771d4d8be62021-11-20T04:55:57ZDoes CEO duality affect board independence? The moderating impact of founder ownership and family blockholding0970-389610.1016/j.iimb.2021.09.004https://doaj.org/article/5a1e9548a4d042379c1447771d4d8be62021-09-01T00:00:00Zhttp://www.sciencedirect.com/science/article/pii/S097038962100094Xhttps://doaj.org/toc/0970-3896This study examines the impact of CEO duality on board independence and extends the knowledge by exploring whether the type of firm, the presence of family blockholding, or concentrated founder ownership moderates this impact. The analysis shows that CEO duality improves board independence. The empirical results support the theory of reputation and show that family-owned business group firms encourage board independence if firms have a duality leadership structure compared with non-family business groups, stand-alone, state-owned, and foreign-owned firms. The entrenchment effect of controlling shareholding on board independence overcomes the alignment effect of CEO duality and the results are significant for firms with low information costs and high level of monitoring.Shashank BansalM. ThenmozhiElsevierarticleCEO dualityBoard independenceBusiness groupsCorporate governanceOwnership structureBusinessHF5001-6182ENIIMB Management Review, Vol 33, Iss 3, Pp 225-238 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	CEO duality Board independence Business groups Corporate governance Ownership structure Business HF5001-6182
spellingShingle	CEO duality Board independence Business groups Corporate governance Ownership structure Business HF5001-6182 Shashank Bansal M. Thenmozhi Does CEO duality affect board independence? The moderating impact of founder ownership and family blockholding
description	This study examines the impact of CEO duality on board independence and extends the knowledge by exploring whether the type of firm, the presence of family blockholding, or concentrated founder ownership moderates this impact. The analysis shows that CEO duality improves board independence. The empirical results support the theory of reputation and show that family-owned business group firms encourage board independence if firms have a duality leadership structure compared with non-family business groups, stand-alone, state-owned, and foreign-owned firms. The entrenchment effect of controlling shareholding on board independence overcomes the alignment effect of CEO duality and the results are significant for firms with low information costs and high level of monitoring.
format	article
author	Shashank Bansal M. Thenmozhi
author_facet	Shashank Bansal M. Thenmozhi
author_sort	Shashank Bansal
title	Does CEO duality affect board independence? The moderating impact of founder ownership and family blockholding
title_short	Does CEO duality affect board independence? The moderating impact of founder ownership and family blockholding
title_full	Does CEO duality affect board independence? The moderating impact of founder ownership and family blockholding
title_fullStr	Does CEO duality affect board independence? The moderating impact of founder ownership and family blockholding
title_full_unstemmed	Does CEO duality affect board independence? The moderating impact of founder ownership and family blockholding
title_sort	does ceo duality affect board independence? the moderating impact of founder ownership and family blockholding
publisher	Elsevier
publishDate	2021
url	https://doaj.org/article/5a1e9548a4d042379c1447771d4d8be6
work_keys_str_mv	AT shashankbansal doesceodualityaffectboardindependencethemoderatingimpactoffounderownershipandfamilyblockholding AT mthenmozhi doesceodualityaffectboardindependencethemoderatingimpactoffounderownershipandfamilyblockholding
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Does CEO duality affect board independence? The moderating impact of founder ownership and family blockholding

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