Getting Them to Think Outside the Circle: Corporate Governance, Ceos' External Advice Networks, and Firm Performance
研究了公司治理因素如何影响CEO向外部寻求不同视角建议的行为，发现这种咨询行为能提升企业绩效，揭示了治理因素通过CEO咨询网络影响绩效的机制。
This article contributes to the social networks literature by examining how corporate governance factors influence CEOs' external advice-seeking behaviors. We incorporate insights from social networks research into an agency theory perspective to predict, and demonstrate empirically, that governance factors recommended by agency theory increase CEOs' tendencies to seek out advice contacts who are likely to offer perspectives on strategic issues that differ from their own; these advice-seeking behaviors ultimately enhance firm performance. Accordingly, this article also contributes to the corporate governance literature by describing how and why CEOs' advice networks mediate the effects of governance factors on firm performance.