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Recent theory and research suggests that local relational networks among business organizations play an important role in establishing and preserving a locale's identity. Such networks facilitate the development, dissemination, and enforcement of norms and cognitive frames that guide local business behavior. They also provide a vehicle for the consolidation of local business interests and for the coordination of local business strategic action. We examine the factors that influenced the likelihood that the CEOs of large corporations sat on the board of directors of large locally headquartered commercial banks in the 1960s. We focused on the 1960s because doing so allows us to make use of an exceptional comprehensive data set on the attributes and relationships of large firms and their leaders. We examine connections to commercial banks because these banks played a crucial role in community development in the 1960s. We find that both the class attributes of corporate CEOs (as reflected in their ownership of the firm and their affiliation with elite educational, social, and policy-making institutions) and the organizational attributes of their firms (as reflected in their financial structure, geographic reach, and age) influenced a CEO's propensity to sit on the board of a locally headquartered bank. These results suggest that future research on participation in local relational networks should take into account both class and organizational theories. They also suggest that future research on the class and organizational underpinnings of relational networks should pay closer attention to spatial relations.

Utilising the resource dependency theory, this study investigates the impact of board interlocks (CEOs' interlocks, women board interlocks, independent board interlocks and total board interlocks) on carbon emissions performance in India.

This research applies varieties of regression methods comprising robust least squares, generalised method of moments and Heckman's regression on a final sample of 63 of India's top 200 Bombay Stock Exchange (BSE) listed companies that voluntarily participate in the Carbon Disclosure Project's (CDP) Climate Change Program and disclose their climate change data for years 2013–2020.

We provide strong evidence for a strong negative association between CEOs' interlocks and women board interlocks on carbon emissions performance. Independent and total board interlocks are not found to significantly affect carbon emissions performance.

Our sample is restricted to the proportion of the top 200 BSE firms that voluntarily submit their carbon emissions data to CDP. Also, the study's focus is India, limiting the generalisation of our findings to other emerging economies.

The study's findings provide valuable insight for regulators and corporate board of directors on the important role of CEOs and women board who interlock with other firms in steering the carbon emissions reduction. Specifically, the corporate board of directors should encourage CEOs to build more networks through outside board memberships. The regulators should revisit the Companies Act, 2013 and the Securities Exchange Board of India (SEBI) regulation to increase the number of multiple directorships of CEOs and women board of directors.

This study responds to the dearth of literature on the efficacy of board interlocks on carbon emissions performance in emerging economies.

This chapter examines interlocks among the governing boards of 12 leading policy-planning organizations and changes in the structure of this network between 1973 and 2000. Methods of multidimensional scaling and hierarchical clustering are used to construct topographical maps of the pattern of interlocks among policy-planning groups and their change over time. In contrast to the findings on corporate interlocking directorates, the study shows that board interlocks among policy-planning organizations are substantively meaningful and relatively stable at the dyadic level, although several changes in the topology of the network are also found. In all three decades, big-business “moderate-conservatives” like the Business Council and the Business Roundtable occupied the most central locations in the network. In the 1970s these organizations were linked with the “corporate liberals” to form the core cluster of the policy network. In the 1980s and 1990s the corporate liberals became relatively isolated from the core and their places were taken by several conservative groups. There was also a sharp rise in the cohesion of the network in the late 1970s and 1980s – a period that is widely seen as one of conservative political mobilization and heightened political unity among business elites. These changes in the structure of the policy network are consistent with and help to account for the rightward shift in U.S. state policy during this period.

Literature on nontraditional firms has focused on behavioral differences with for-profit firms. Less attention has been given to the variations in behavior among nontraditional firms. This chapter examines differences across three types of Uruguayan nonprofit health care organizations.

This chapter draws on a unique dataset of Uruguayan health care organizations during the period 1982–1990, as well as interviews with doctors working in the three types of nonprofits during spring 2010. We use a simple OLS regression to identify differences in average behavior, and differences in reaction to a regulatory change.

The chapter shows that structure of stake holding and governance significantly affect behavior, even where many behaviors are highly regulated.

These findings highlight the importance of specifying governance structure when predicting behavior of nontraditional firms. Empirical tests of behavioral differences between traditional and nontraditional firms will be more meaningful if the governance structure of nontraditional firms is common and specified. A limitation of our study is our inability to control for the timing of degeneration of producer cooperatives. This would be one element of governance structure to consider in future data collection.

These findings highlight the need to avoid drawing broad policy conclusions from the behavior of a specific subset of nontraditional firms.

This chapter highlights the importance of carefully specifying stakeholder and governance structure when predicting behavior of nontraditional firms. It is of interest to anyone using a sample of nontraditional firms to test general hypotheses about their behavior.

Corporate governance research based on agency theory has been criticized for being “under-contextualized,” and for evaluating various governance practices independently. To address both criticisms, we take a configurational approach and show how firm-level governance practices interact with informational asymmetries associated with a firm’s industry. By examining foreign Initial Public Offerings (IPOs) that have chosen to list on London stock exchanges, we demonstrate that an assessment of the firm-level corporate governance configurations is incomplete without taking into account the firm’s industry affiliation. Our use of fs/QCA underscores the possibilities configurational approaches have in advancing theories of corporate governance.

The voluntary hospital trustee has traditionally seen issues of medical care, including those of patient safety, as falling within the delegated sphere of the medical staff. This customary distancing of the trustee from direct involvement in patient safety issues is now challenged by unprecedented scrutiny of hospital safety results through voluntary disclosure or mandatory public reporting. This new climate, fostered by the Institute of Medicine's To Err is Human and the Institute for Healthcare Improvement's 100,000 Lives campaign, has complicated the role of the trustee in satisfying the traditional “prudent person” test for meeting fiduciary obligation as the trustee's breadth of involvement expands. Viewed theoretically, Mintzberg models the hospital as a case of a professional bureaucracy, in which the professional staff is responsible for standard setting and regulation. This traditional role of the professional staff is potentially assumed by others lacking technical background. Trustees are now asked to examine reports identifying physician compliance in attaining safety standards without education in the practice supporting those standards. Physician board members, whose numbers have increased in the past decade, are often sought to take the lead on interpretation of patient safety standards and results. The very public nature of patient safety reporting and its reflection on the reputation of the organization for which the trustee is ultimately accountable create a new level of tension and workload that challenges the dominant voluntary model of trusteeship in the United States health system.

This chapter reviews and integrates the empirical literature on the influence of organizational factors on hospital financial performance. Five categories of organizational characteristics that research has addressed are identified and examined as part of the review: ownership, governance, integration, management strategy, and quality. With some exceptions, our review reveals a general lack of consistency and conclusiveness across studies in each area. Exceptions were found in the areas of governance (e.g., physician participation and board processes) and integration (e.g., horizontal system centralization). Despite the lack of conclusive findings across studies, our review suggests substantial opportunities for future work, including opportunities for qualitative and exploratory work. Additional implications for theory and management are discussed.

Chapter 3 discusses existing management models and corporate governance best practices for waste management firms. It provides some relevant experiences across Europe. It offers a focus on the ongoing remunicipalization process in the public service provision and urban waste management.