Supervisory Board’s Contribution to Corporate Strategy: Evidence from Croatian Companies
The main objective of this paper is to expand understanding of how supervisory boards contribute to corporate strategy. Using a sample of supervisory boards of Croatian listed companies, in this paper we investigate: (1) the overall level of supervisory boards involvement in corporate strategy, and...
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| Format: | Article |
| Language: | English |
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Sciendo
2021-04-01
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| Series: | Studies in Business and Economics |
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| Online Access: | https://doi.org/10.2478/sbe-2021-0004 |
| _version_ | 1828242736024649728 |
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| author | Cindrić Lana |
| author_facet | Cindrić Lana |
| author_sort | Cindrić Lana |
| collection | DOAJ |
| description | The main objective of this paper is to expand understanding of how supervisory boards contribute to corporate strategy. Using a sample of supervisory boards of Croatian listed companies, in this paper we investigate: (1) the overall level of supervisory boards involvement in corporate strategy, and (2) how are supervisory board’s structural attributes related to the intensity of strategic involvement. Our results indicate that supervisory boards indeed have an active role in shaping and supporting the corporate strategy. Strategic activities that supervisory boards most often execute are authorizing strategic decisions proposed by the management board and crisis management activities. |
| first_indexed | 2024-04-12T22:20:51Z |
| format | Article |
| id | doaj.art-8f0fb6da1e1149c38b04c64827fdb572 |
| institution | Directory Open Access Journal |
| issn | 2344-5416 |
| language | English |
| last_indexed | 2024-04-12T22:20:51Z |
| publishDate | 2021-04-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Studies in Business and Economics |
| spelling | doaj.art-8f0fb6da1e1149c38b04c64827fdb5722022-12-22T03:14:23ZengSciendoStudies in Business and Economics2344-54162021-04-01161425010.2478/sbe-2021-0004Supervisory Board’s Contribution to Corporate Strategy: Evidence from Croatian CompaniesCindrić Lana0University of Zagreb, Faculty of Economics & Business, CroatiaThe main objective of this paper is to expand understanding of how supervisory boards contribute to corporate strategy. Using a sample of supervisory boards of Croatian listed companies, in this paper we investigate: (1) the overall level of supervisory boards involvement in corporate strategy, and (2) how are supervisory board’s structural attributes related to the intensity of strategic involvement. Our results indicate that supervisory boards indeed have an active role in shaping and supporting the corporate strategy. Strategic activities that supervisory boards most often execute are authorizing strategic decisions proposed by the management board and crisis management activities.https://doi.org/10.2478/sbe-2021-0004corporate governancesupervisory boardstrategy |
| spellingShingle | Cindrić Lana Supervisory Board’s Contribution to Corporate Strategy: Evidence from Croatian Companies Studies in Business and Economics corporate governance supervisory board strategy |
| title | Supervisory Board’s Contribution to Corporate Strategy: Evidence from Croatian Companies |
| title_full | Supervisory Board’s Contribution to Corporate Strategy: Evidence from Croatian Companies |
| title_fullStr | Supervisory Board’s Contribution to Corporate Strategy: Evidence from Croatian Companies |
| title_full_unstemmed | Supervisory Board’s Contribution to Corporate Strategy: Evidence from Croatian Companies |
| title_short | Supervisory Board’s Contribution to Corporate Strategy: Evidence from Croatian Companies |
| title_sort | supervisory board s contribution to corporate strategy evidence from croatian companies |
| topic | corporate governance supervisory board strategy |
| url | https://doi.org/10.2478/sbe-2021-0004 |
| work_keys_str_mv | AT cindriclana supervisoryboardscontributiontocorporatestrategyevidencefromcroatiancompanies |