Board member monitoring behaviors in credit unions: The role of conscientiousness and identification with shareholders
Langue
EN
Article de revue
Ce document a été publié dans
Corporate Governance: An International Review. 2017-01-13, vol. 25, n° 2, p. 134-144
Résumé en anglais
Research Question/Issue This research investigates the antecedents of board members’ monitoring behaviors at the individual level. The main idea is that individuals who are both conscientious and identified with shareholders ...Lire la suite >
Research Question/Issue This research investigates the antecedents of board members’ monitoring behaviors at the individual level. The main idea is that individuals who are both conscientious and identified with shareholders are those most likely to adopt monitoring behaviors. Research Findings/Insights The study was conducted using a survey of 166 board members of a large Canadian credit union corporation. Data on monitoring behaviors were collected directly from the chairpersons of the boards they participate in. The results validate the hypothesized moderated mediation model in which perceived importance of monitoring by board members mediates the relationship between conscientiousness and actual monitoring behaviors, on the one hand, and identification with shareholders moderates the relationship between conscientiousness and the perception of the importance of monitoring, on the other hand. Theoretical/Academic Implications By investigating the mediating effect of the perceived importance of the monitoring role in the relationship between conscientiousness and monitoring behaviors, our study provides an empirical test of the attention-based view in the context of boards of directors and thus contributes to opening the ‘black box’ of board behaviors. Further, by looking at the interactive effect of conscientiousness and identification with shareholders, our study brings new insights into the motivational drivers of directors’ monitoring behaviors. Practitioner/Policy Implications This study invites practitioners in charge of board members’ recruitment and selection to reconsider their practices in order to target individuals demonstrating high levels of conscientiousness. It also highlights the importance of implementing board cultures that value conscientiousness and emphasize shareholders’ interests.< Réduire
Mots clés en anglais
Board members
Conscientiousness
Corporate Governance
Monitoring behaviors
Social identity
Unités de recherche