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• W4308608733 abstract "Boards of directors play a central role in governing corporate strategic change. We systematically review corporate governance research on strategic change published over the past 40 years, differentiating between strategic change types and board characteristics. We identify three developments: a focus on specific strategic change types, board composition and structure, and North American listed firms as a dominant study context. Yet, our analysis of the literature shows that research on board governance of interrelated strategic changes, on different board roles and behaviour, and on the governance of strategic changes across different contexts remains underdeveloped. To address these research gaps, we suggest three future research avenues: (1) examining how boards govern interrelated changes in a strategic change portfolio and its evolution over time; (2) studying the mediating relationship between board governance (particularly different board roles and behaviour), strategic changes, and corresponding outcomes; and (3) gaining a better understanding of the role of context in board governance of interrelated strategic changes. We contribute to corporate governance research by developing a framework that synthesizes extant research on the relationships between different board governance variables and strategic change types, highlights important research gaps, and outlines several future research directions to address these gaps. Our framework and literature overview serve as analytical tools to examine whether boards are well-designed and prepared to govern multiple and interrelated strategic changes." @default.
• W4308608733 created "2022-11-13" @default.
• W4308608733 creator A5048464590 @default.
• W4308608733 creator A5057732210 @default.
• W4308608733 creator A5067191631 @default.
• W4308608733 creator A5071248796 @default.
• W4308608733 date "2022-11-09" @default.
• W4308608733 modified "2023-10-03" @default.
• W4308608733 title "Board governance of Strategic Change: An assessment of the literature and avenues for future research" @default.
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