Document Type

Article

Version Deposited

Published Version

Publication Date

2015

Publication Title

Journal of Small Business Strategy

Abstract

Board of director member diversity has an impact on the functions each director successfully provides. Appropriate and necessary board member capabilities differ between small and large firms. Although these differences seem apparent, current research has favored studies related to large firms and neglected those related to board member needs of small firms. Grounded in Agency Theory and Resource Dependence Theory, the following manuscript theoretically suggests that firm size moderates the relationship between board member diversity and the two primary functions (monitoring and the provision of resources) of board members. Furthermore, small firms can enhance performance through appropriate member composition in differing ways than large firms.

Comments

Journal of Small Business Strategy is an Open Access journal listed in the Directory of Open Access Journals (DOAJ).

Published Citation

Bendickson, J., Davis, P. E., Cowden, B. J., & Liguori, E. W. (2015). Why small firms are different: Addressing varying needs from boards of directors. Journal of Small Business Strategy, 25 (2), 4157.

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