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An Organizational Portfolio Theory of Board Composition
Author(s) -
Heslin Peter,
Donaldson Lex
Publication year - 1999
Publication title -
corporate governance: an international review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.866
H-Index - 85
eISSN - 1467-8683
pISSN - 0964-8410
DOI - 10.1111/1467-8683.00131
Subject(s) - modern portfolio theory , composition (language) , perspective (graphical) , portfolio , business , organizational theory , organizational change , management , computer science , economics , public relations , political science , finance , artificial intelligence , linguistics , philosophy
A new theory of organizational change and success has recently been proposed, organizational portfolio theory (Donaldson, 1999). One purpose of this theory is to provide a fresh perspective on the determinants and consequences of board composition. After outlining organizational portfolio theory, this paper suggests some implications of the new theory for understanding the dynamic relationship between board composition and firm performance.