Board Characteristics, Managerial Controls and Corporate Strategy: A Study of U.S. Hospitals
研究美国医院董事会特征如何影响管理控制方式，进而影响CEO的风险规避型战略决策，对关注公司治理与战略管理的学者有参考价值。
This study examined the relationships among board characteristics, emphasis on managerial controls, and corporate strategy. Results suggest that certain board characteristics that decrease board members’ access to information about CEO performance-related behavior, e.g., infrequent CEO-board meetings and lack of a strategic planning committee, are likely to increase the emphasis on out come based controls. Results also indicate that an emphasis on out come based controls is likely to lead to more risk averse strategic decisions on the part of the CEO, specifically with respect to capital investment.