The effects of board size and diversity on strategic change
研究了董事会规模和多样性如何影响企业在环境动荡时期发起战略变革的能力，发现多样性可能成为战略变革的重要制约因素。
Abstract This study examines an important potential conflict between the institutional, governance, and strategic functions of boards. We specifically test how higher levels of board size and diversity, traditionally associated with optimal institutional and governance performance of boards, affect the boards ability to initiate strategic changes during periods of environmental turbulence. Our findings suggest that board diversity, in particular, may be a significant constraint on strategic change.