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022			_a00014273
040			_aMSU _bEnglish _cMSU _erda
050	0	0	_aHD28 ACA
100	1		_aDesai, Vinit M. _eauthor
245	1	4	_aThe behavioral theory of the (governed) firm: _bcorporate board influences on organizations’ responses to performance shortfalls _ccreated by
264	1		_aNew York: _bAcademy of management, _c2016
336			_2rdacontent _atext _btxt
337			_2rdamedia _aunmediated _bn
338			_2rdacarrier _avolume _bnc
440			_aAcademy of management journal _vVolume 59, number 3
520	3		_aThe Behavioral Theory of the Firm provides a well-evidenced perspective on organizational decision making that has influenced a wide array of literatures, including the substantial body of work on organizational change. This literature suggests that organizations are more likely to undertake major changes when their performance declines below aspirations or targets for acceptable performance, but few studies examine how multiple groups of organizational decision makers, each with potentially conflicting interests, might collectively influence this process. To that end, I incorporate theory regarding corporate boards and their role in organizational decision making. I use this integration to suggest that boards with particular characteristics may have interests that do not align with those of the management team when performance shortfalls occur, using their influence to force compromises or compel managers to reconsider particular changes. I find support for the related predictions that an increase in board size and equity ownership suppresses change when performance drops, although I find no support for similar arguments regarding board turnover. This approach blends the typically distinct but related literatures on performance feedback and corporate governance, and suggests the role that some boards might play in circumventing the momentum for organizational change.
650			_aFirm performance, Organizational change _vOrganizational decision-making _xBoard of directors, Hospital, United States _zUnited States
856			_uhttps://doi.org/10.5465/amj.2013.0948
942			_2lcc _cJA
999			_c165630 _d165630