Increased Environmental Uncertainty and Changes in Board Linkage Patterns
Increases in competitive uncertainty and resource dependence accompanied the deregulation of the airline industry. In such a situation, firms might use interlocking among boards of directors as a coping strategy. This study examined whether changes in board interlocking occurred with deregulation. M...
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| Veröffentlicht in: | Academy of Management journal 1990-03, Vol.33 (1), p.106-128 |
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| container_end_page | 128 |
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| container_title | Academy of Management journal |
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| creator | Lang, James R. Lockhart, Daniel E. |
| description | Increases in competitive uncertainty and resource dependence accompanied the deregulation of the airline industry. In such a situation, firms might use interlocking among boards of directors as a coping strategy. This study examined whether changes in board interlocking occurred with deregulation. Measures of direct head-to-head competition, indirect interlocking among competitors, and individual firms' financial dependence and performance allowed tests of hypotheses that would not have been possible with cross-sectional research. Results showed that indirect board interlocking was focused among competitors and that the focusing increased with industry uncertainty and the distance between firms' headquarters. Direct interlocking with financial institutions increased according to changes in individual firms' financial dependence and financial performance. |
| doi_str_mv | 10.5465/256354 |
| format | Article |
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In such a situation, firms might use interlocking among boards of directors as a coping strategy. This study examined whether changes in board interlocking occurred with deregulation. Measures of direct head-to-head competition, indirect interlocking among competitors, and individual firms' financial dependence and performance allowed tests of hypotheses that would not have been possible with cross-sectional research. Results showed that indirect board interlocking was focused among competitors and that the focusing increased with industry uncertainty and the distance between firms' headquarters. Direct interlocking with financial institutions increased according to changes in individual firms' financial dependence and financial performance.</description><subject>Air transportation industry</subject><subject>Airlines</subject><subject>Business structures</subject><subject>Dyadic relations</subject><subject>Economic competition</subject><subject>Financial institutions</subject><subject>Financial services industries</subject><subject>Industrial regulation</subject><subject>Principal place of business</subject><subject>Trunk roads</subject><issn>0001-4273</issn><issn>1948-0989</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1990</creationdate><recordtype>article</recordtype><sourceid>K30</sourceid><recordid>eNo9kE1Lw0AQhhdRMFb9A14WBG_R3exHskctVQsFPdhzmCazNbHd1N2t0H_vSopzeRmehxl4Cbnm7F5JrR4KpYWSJyTjRlY5M5U5JRljjOeyKMU5uQihT2uCJiPzuWs8QsCWztxP5we3RRdhQ5euQR-hc_FAwbV0-glujYF2jj4N4Fu66NwXrJG-Q4zoXbgkZxY2Aa-OOSHL59nH9DVfvL3Mp4-LvCkYjzlwU1rNtTEVlJI3tmgNrgRoIRswypYtygI0QiJaKTRqVVnBCwQJaK0RE3I73t354XuPIdb9sPcuvay5YEprmSZZd6PV-CEEj7be-W4L_lBzVv_VVI81JfFmFPsQB_9vHekvYcJihw</recordid><startdate>19900301</startdate><enddate>19900301</enddate><creator>Lang, James R.</creator><creator>Lockhart, Daniel E.</creator><general>Academy of Management</general><scope>AAYXX</scope><scope>CITATION</scope><scope>HNJIA</scope><scope>IBDFT</scope><scope>K30</scope><scope>PAAUG</scope><scope>PAWHS</scope><scope>PAWZZ</scope><scope>PAXOH</scope><scope>PBHAV</scope><scope>PBQSW</scope><scope>PBYQZ</scope><scope>PCIWU</scope><scope>PCMID</scope><scope>PCZJX</scope><scope>PDGRG</scope><scope>PDWWI</scope><scope>PETMR</scope><scope>PFVGT</scope><scope>PGXDX</scope><scope>PIHIL</scope><scope>PISVA</scope><scope>PJCTQ</scope><scope>PJTMS</scope><scope>PLCHJ</scope><scope>PMHAD</scope><scope>PNQDJ</scope><scope>POUND</scope><scope>PPLAD</scope><scope>PQAPC</scope><scope>PQCAN</scope><scope>PQCMW</scope><scope>PQEME</scope><scope>PQHKH</scope><scope>PQMID</scope><scope>PQNCT</scope><scope>PQNET</scope><scope>PQSCT</scope><scope>PQSET</scope><scope>PSVJG</scope><scope>PVMQY</scope><scope>PZGFC</scope></search><sort><creationdate>19900301</creationdate><title>Increased Environmental Uncertainty and Changes in Board Linkage Patterns</title><author>Lang, James R. ; Lockhart, Daniel E.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c201t-a197f616998a741cf2d9eb3a634ca95f7de42a6eacf2655e95b8f312ea4aeff93</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1990</creationdate><topic>Air transportation industry</topic><topic>Airlines</topic><topic>Business structures</topic><topic>Dyadic relations</topic><topic>Economic competition</topic><topic>Financial institutions</topic><topic>Financial services industries</topic><topic>Industrial regulation</topic><topic>Principal place of business</topic><topic>Trunk roads</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Lang, James R.</creatorcontrib><creatorcontrib>Lockhart, Daniel E.</creatorcontrib><collection>CrossRef</collection><collection>Periodicals Index Online Segment 20</collection><collection>Periodicals Index Online Segment 27</collection><collection>Periodicals Index Online</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - West</collection><collection>Primary Sources Access (Plan D) - International</collection><collection>Primary Sources Access & Build (Plan A) - MEA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Midwest</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Northeast</collection><collection>Primary Sources Access (Plan D) - Southeast</collection><collection>Primary Sources Access (Plan D) - North Central</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Southeast</collection><collection>Primary Sources Access (Plan D) - South Central</collection><collection>Primary Sources Access & Build (Plan A) - UK / I</collection><collection>Primary Sources Access (Plan D) - Canada</collection><collection>Primary Sources Access (Plan D) - EMEALA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - North Central</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - South Central</collection><collection>Primary Sources Access & Build (Plan A) - International</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - International</collection><collection>Primary Sources Access (Plan D) - West</collection><collection>Periodicals Index Online Segments 1-50</collection><collection>Primary Sources Access (Plan D) - APAC</collection><collection>Primary Sources Access (Plan D) - Midwest</collection><collection>Primary Sources Access (Plan D) - MEA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Canada</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - UK / I</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - EMEALA</collection><collection>Primary Sources Access & Build (Plan A) - APAC</collection><collection>Primary Sources Access & Build (Plan A) - Canada</collection><collection>Primary Sources Access & Build (Plan A) - West</collection><collection>Primary Sources Access & Build (Plan A) - EMEALA</collection><collection>Primary Sources Access (Plan D) - Northeast</collection><collection>Primary Sources Access & Build (Plan A) - Midwest</collection><collection>Primary Sources Access & Build (Plan A) - North Central</collection><collection>Primary Sources Access & Build (Plan A) - Northeast</collection><collection>Primary Sources Access & Build (Plan A) - South Central</collection><collection>Primary Sources Access & Build (Plan A) - Southeast</collection><collection>Primary Sources Access (Plan D) - UK / I</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - APAC</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - MEA</collection><jtitle>Academy of Management journal</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Lang, James R.</au><au>Lockhart, Daniel E.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Increased Environmental Uncertainty and Changes in Board Linkage Patterns</atitle><jtitle>Academy of Management journal</jtitle><date>1990-03-01</date><risdate>1990</risdate><volume>33</volume><issue>1</issue><spage>106</spage><epage>128</epage><pages>106-128</pages><issn>0001-4273</issn><eissn>1948-0989</eissn><abstract>Increases in competitive uncertainty and resource dependence accompanied the deregulation of the airline industry. In such a situation, firms might use interlocking among boards of directors as a coping strategy. This study examined whether changes in board interlocking occurred with deregulation. Measures of direct head-to-head competition, indirect interlocking among competitors, and individual firms' financial dependence and performance allowed tests of hypotheses that would not have been possible with cross-sectional research. Results showed that indirect board interlocking was focused among competitors and that the focusing increased with industry uncertainty and the distance between firms' headquarters. Direct interlocking with financial institutions increased according to changes in individual firms' financial dependence and financial performance.</abstract><cop>Ada, Ohio, etc</cop><pub>Academy of Management</pub><doi>10.5465/256354</doi><tpages>23</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0001-4273 |
| ispartof | Academy of Management journal, 1990-03, Vol.33 (1), p.106-128 |
| issn | 0001-4273 1948-0989 |
| language | eng |
| recordid | cdi_proquest_journals_1305664444 |
| source | Periodicals Index Online; EBSCOhost Business Source Complete; Jstor Complete Legacy |
| subjects | Air transportation industry Airlines Business structures Dyadic relations Economic competition Financial institutions Financial services industries Industrial regulation Principal place of business Trunk roads |
| title | Increased Environmental Uncertainty and Changes in Board Linkage Patterns |
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