Impact of the Power Balance within the Board on Resource Allocation after Achieving Profit Targets (IMAGE)

Waseda University

Impact of the Power Balance within the Board on Resource Allocation after Achieving Profit Targets

Caption

The study identifies two dominant board coalitions: a shareholder-value coalition of former accounting experts focused on maximizing returns through dividends and a state-endorsement coalition of formaer government officials prioritizing social responsibility initiatives.

Credit

Professor Toru Yoshikawa from Waseda University, Japan

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