Introduction to a special issue on breaking the disciplinary matrix: the ever-changing view of organizational theory

The analysis of the relationship between board characteristics and firm financial performance in the Central Eastern European region

“…Moreover, as Pfeffer and Salancik (1978) claim, outside directors can help provide resources to the company through their expertise and contacts and provide a communication channel between the company and external organizations. Elnahla and Squires (2020) think that stakeholder theory emphasizes the service role of the Board of Directors. She claims that the board members can be considered as the members of a wealth creating team, they act as corporate coordinators between stakeholders.…”

“…Hence, boards and board members serve to bring external resources for the benefit of the firm." Elnahla and Squires (2020) emphasize the role of human capital, which appears in Hillman & Dalziel (2003) and Tian, Haleblian, &Rajagopalan (2011). As Elnahla and Squires (2020, page 135) write: "Board capital is the human capital, in the form of the individual experience, expertise and interests, and the social capital, in the form of access to useful information and resources through experiences and connections, that the director brings to the firm."…”