Directors' Stock Ownership and Organizational Performance: An Investigation of Fortune 500 Companies
研究了董事持股与公司绩效的关系，基于250家财富500强公司的样本，部分支持了董事财务依赖会提升绩效的观点。
Advocates in favor of boardroom reform have often suggested that when personalfinancial risk is involved, directors will take a more active role in organizational decision-making, and this, in turn, will lead to increased organizationalperformance. Although intuitively appealing, the notion offinancial dependence by board members has never before been empirically tested. This study examines the relationship between a director's stockholdings andfirm performance using a sample of 250 of the Fortune 500 companies. The financial dependence perspective is supported in part by the research findings.