Definition
The “Board Capital” is the combination of human and social/relational capital of board members (Hillman and Dalziel 2003). More specifically, scholars define the Board Capital as the sum of knowledge and skills that directors hold thanks to their educational path and work experiences and the set of relationships established by directors with internal and external stakeholders.
Introduction
Characteristics of board members that influence firm performance have increasingly been of interest of scholars and practitioners (Daily et al. 2003; Gupte and Paranjape 2014; Agrawal and Chadha 2005). In this regard, a relevant issue in the academic and practical debates has been to answer the question of what enhances directors’ effectiveness in value maximization. Despite there has always been a tacit consensus that individual director characteristics and qualifications are...
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Sarto, F. (2020). Board Capital. In: Idowu, S., Schmidpeter, R., Capaldi, N., Zu, L., Del Baldo, M., Abreu, R. (eds) Encyclopedia of Sustainable Management. Springer, Cham. https://doi.org/10.1007/978-3-030-02006-4_881-1
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