On the Measurements of Board Composition: Poor Consistency and a Serious Mismatch of Theory and Operationalization
研究发现，文献中二十多种董事会构成的操作化定义并不构成单一的“董事会独立性”构念，而是三个不同的构念，彼此不能互换，这对研究汇总、理论与测量一致性以及公司治理政策辩论有重要启示。
ABSTRACT Over two dozen operationalizations of board composition can be identified from the empirical literature. A structural equations confirmatory factor analysis (LISREL 8.03) suggests that these operationalizations do not constitute a single construct of board independence. Instead, analyses strongly indicate three separate constructs. Common operationalizations of board composition, then, are neither tenable surrogates for one another nor are they interchangeable. Implications for empirical aggregation of studies, theory/measurement convergence, and the current corporate governance public policy debate are discussed.