Pluralistic Ignorance in Corporate Boards and Firms' Strategic Persistence in Response to Low Firm Performance (Record no. 14917)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 02185naa a2200193uu 4500 |
| 001 - CONTROL NUMBER | |
| control field | 6032013215821 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20190211160642.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 060320s2006 xx ||||gr |0|| 0 eng d |
| 999 ## - SYSTEM CONTROL NUMBERS (KOHA) | |
| Koha Dewey Subclass [OBSOLETE] | PHL2MARC21 1.1 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | eng |
| 100 1# - MAIN ENTRY--PERSONAL NAME | |
| Personal name | WESTPHAL, James D. |
| 9 (RLIN) | 11307 |
| 245 10 - TITLE STATEMENT | |
| Title | Pluralistic Ignorance in Corporate Boards and Firms' Strategic Persistence in Response to Low Firm Performance |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Place of publication, distribution, etc. | Ithaca, NY : |
| Name of publisher, distributor, etc. | Cornell Johnson Scholl of Management, |
| Date of publication, distribution, etc. | June 2005 |
| 520 3# - SUMMARY, ETC. | |
| Summary, etc. | This study examines how a social psychological bias referred to as pluralistic ignorance may occur in corporate boards and how this bias could contribute to strategic persistence in response to relatively low firm performance. Our theory suggests that under conditions of low performance, there may be a systematic tendency for outside directors to underestimate the extent to which fellow directors share their concerns about the viability of the firm's corporate strategy. This reduces the propensity for individual directors to express their concerns about the current corporate strategy in board meetings, decreasing the likelihood that boards will initiate strategic change in response to low firm performance. We also posit factors that may moderate the extent to which pluralistic ignorance occurs on boards. We suggest that demographic homogeneity among outside directors (with respect to gender, functional background, education, and industry of employment) and the density of friendship ties among them will significantly moderate the occurrence of pluralistic ignorance on boards. We test our hypotheses with original survey data from a large sample of outside directors at medium-sized U.S. companies and find support for our theory. We discuss contributions of our theory and findings to the literatures on corporate governance, strategic persistence and change, and group decision-making processes in organizations. |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | BEDNAR, Michael K. |
| 9 (RLIN) | 23308 |
| 773 08 - HOST ITEM ENTRY | |
| Title | Administrative Science Quarterly |
| Related parts | 50, 2, p. 262-298 |
| Place, publisher, and date of publication | Ithaca, NY : Cornell Johnson Scholl of Management, June 2005 |
| International Standard Serial Number | ISSN 0001-8392 |
| Record control number | |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Periódico |
| 998 ## - LOCAL CONTROL INFORMATION (RLIN) | |
| -- | 20060320 |
| Operator's initials, OID (RLIN) | 1321^b |
| Cataloger's initials, CIN (RLIN) | Natália |
| 998 ## - LOCAL CONTROL INFORMATION (RLIN) | |
| -- | 20081103 |
| Operator's initials, OID (RLIN) | 1541^b |
| Cataloger's initials, CIN (RLIN) | Zailton |
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