title: Busyness of Directors and Financial Performance
metadata.name: dc.contributor.author
metadata.value: Berezinets, Irina V.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Ilina, Yulia B.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2019-05-03T22:08:29Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2019-05-03T22:08:29Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2016-03
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Berezinets I. V., Ilina Y. B. Busyness of Directors and Financial Performance. Vestnik of Saint-Petersburg University. Ser. 8. Management, 2016, issue 1, pp. 3–30.
metadata.lang: en_GB
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/15473
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: This paper investigates one of the important characteristics of the corporate board – multiple directorships with a particular focus on directors' busyness. The paper analyses busyness criteria both for a board and directors, motives for multiple directors' positions for companies and board members, the relationship between board busyness and company's performance. The reputation and busyness hypotheses are analysed from perspective of boards multiple directorships impact on financial performance and value. Directors participation in several boards leads to their excessive busyness. It may be to the detriment of corporate performance, since due to relatively less time available those directors devote less efforts to their duties.
  At the same time additional resources directors obtain from multiple positions on boards is important factor to enhance director's reputation.
  In this paper the authors provide thorough literature review on the busyness of directors and boards, analysis of the relationship between directors' busyness and company's performance from perspective of two approaches - reputation hypothesis and busyness hypothesis.
  This paper investigates the directors' busyness as a complex issue that has its specifics and implications for companies from developed and emerging markets. The value of the paper is that it provides deep analysis of the busyness and its effect on corporate performance results.
  The authors find that directors' busyness needs further investigation in emerging markets, given the specifics of those markets, the scarce of professional directors at the labour market, the special role of board networks and other external resources directors could obtain through multiple directors positions for directors themselves and board reputation.
  The main implication is that the paper articulates the directions for further research of this issue that should go beyond the hypotheses used in the existing sources, taking into account the specifics of emerging markets.
metadata.lang: en_GB
metadata.name: dc.description.sponsorship
metadata.value: This study was supported by St Petersburg State University, research project No 16.38.297.2014.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Vestnik of St Petersburg University. Series 8. Management;Issue 1
metadata.lang: -
metadata.name: dc.subject
metadata.value: board of directors
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: board busyness
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: directors' multiple directorships
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: financial performance
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Busyness of Directors and Financial Performance
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: Berezinets_Ilina.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/15473/5/Berezinets_Ilina.pdf
resources.format: Adobe PDF
resources.size: 2,78 MB