Please use this identifier to cite or link to this item:
Scopus Web of Science® Altmetric
Type: Journal article
Title: Interlocks and firm performance: The role of uncertainty in the directorate interlock-performance relationship
Author: Martin, G.
Gözübüyük, R.
Becerra, M.
Citation: Strategic Management Journal, 2013; 36(2):235-253
Issue Date: 2013
ISSN: 0143-2095
Statement of
Geoffrey Martin, Remzi Gözübüyük and Manuel Becerra
Abstract: We examine how uncertainty influences the performance effects of directorate interlocks. Our study offers a new perspective of directorate interlocks as mechanisms that enable firms to improve performance when confronted with greater uncertainty, suggesting that uncertainty positively moderates the interlock-performance relationship. This contrasts with the view based on resource dependence theory suggesting networks reduce uncertainty and enhance firm performance, implying that uncertainty mediates the interlock effect upon performance. Using a sample of 3,745 firms across manufacturing industries in the United States during the period 2001-2009, we find support for the moderation argument and less convincing support for mediation, suggesting that firms may not form interlocks necessarily to reduce uncertainty. Instead, firms may create interlocks to enable adaptation and enhance performance when confronted by uncertainty. © 2013 John Wiley & Sons, Ltd.
Keywords: directorate interlock; performance; uncertainty; networks; resource dependence
Rights: © 2013 John Wiley & Sons, Ltd.
DOI: 10.1002/smj.2216
Appears in Collections:Aurora harvest 7
Business School publications

Files in This Item:
There are no files associated with this item.

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.