Board Composition from Adolescence to Maturity: A Multitheoretic View
提出理论，说明董事会构成和公司绩效如何反映企业生命周期阶段以及创始时CEO与外部融资者的相对权力，并揭示代理、资源依赖等理论的预测有效性。
We develop theory to show how board composition and, consequently, firm performance are a reflection of both the firm's life cycle stage and the relative power of the CEO and external financiers at the time of founding. This theory provides insight into the predictive validity of agency, resource dependence, institutional, and social network theories. We also argue that boards are subject to path dependency, and, thus, board composition is likely to persist over time.