Wpływ wielkości rady dyrektorów na wartość przedsiębiorstwa

• Autorzy: Dariusz Siudak

Warianty tytułu

The Influence of the Size of the Board of Directors on the Value of the Company

• Języki publikacji: PL

Abstrakty

Celem pracy jest ocena wpływu wielkości rady dyrektorów na wartość przedsiębiorstwa. Rada dyrektorów może być postrzegana jako istotny zasób przedsiębiorstwa [Rodriguez-Fernandez, Fernandez-Alonso, Rodriguez-Rodriguez 2014], szczególnie ze względu na relacje jej członków z zewnętrznym otoczeniem. Jak wskazują autorzy [Barroso, Villegas, Perez-Calero 2011], problematyka ta usadowiona jest w teorii zależności zasobowej przedsiębiorstwa (resource dependence theory), zaproponowanej przez [Pfeffer, Salancik 2003/1978; Pfeffer 1987]. Podstawą teoretyczną jest założenie, że autonomia przedsiębiorstwa jest ograniczona przez jego zależność od posiadanych przez inne organizacje zasobów i wynikającą z niej potrzebę współpracy [Kaczmarek, Kimino, Pye 2014]. Teoria uzależnienia zasobowego podkreśla rolę rad dyrektorów w postaci kontroli otoczenia zewnętrznego [Yang, Cai 2011], definiując dodatkową funkcję rady dyrektorów w zakresie redukcji niepewności w otoczeniu poprzez relacje z otoczeniem w postaci interlocking directorates [Sankowska, Siudak 2015]. (fragment tekstu)

EN

The article discusses the impact of the size of the board of directors on the value of companies on the Polish capital market. According to the resource-dependence theory, the board of directors is seen as an important instrument in reducing uncertainty in the business environment by providing key resources controlled by external entities. Regression analysis shown statistically significant positive impact of the size of the board of directors on enterprise value measured by Tobin's Q ratio and market capitalization. (original abstract)

Słowa kluczowe

PL

Zarząd; Wartość przedsiębiorstwa

EN

Board of directors; Enterprise value

• Czasopismo: Przedsiębiorczość i Zarządzanie
• Rocznik: 2016
• Numer: t. 17, z. 9, cz. 2 Finansowe i organizacyjne aspekty kooperacji nauki i lokalnej przedsiębiorczości - badania i analizy. Część II
• Strony: 263--281

Twórcy

autor

Dariusz Siudak

• Politechnika Łódzka

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