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Changes on resources provided by directors: A privatisation context

Author

Listed:
  • Jaime Guerrero-Villegas

    (Department of Management and Marketing, Universidad Pablo de Olavide)

  • Gloria Cuevas-Rodríguez

    (Department of Management and Marketing, Universidad Pablo de Olavide)

  • Ramón Valle-Cabrera

    (Department of Management and Marketing, Universidad Pablo de Olavide)

Abstract

This paper explores how privatised firms change their boards’ structure and composition regarding director profile -business experts, support specialists and community influentials– to obtain the resources required to operate in the new context. Based on three case studies, our results show the limitations of previous studies that have only focused on traditional variables, such as board size and composition (insiders and outsiders). Regarding directors’ profile, the study shows that directors who are business experts play a greater role after privatisation, whereas directors with an influential community role become less important. An in-depth analysis using questionnaires, interviews and secondary sources of information enabled us to exactly determine the resources provided by the different director types before and after privatisation.

Suggested Citation

  • Jaime Guerrero-Villegas & Gloria Cuevas-Rodríguez & Ramón Valle-Cabrera, 2019. "Changes on resources provided by directors: A privatisation context," Working Papers 19.03, Universidad Pablo de Olavide, Department of Business Organization and Marketing (former Department of Business Administration), revised May 2019.
    • Handle: RePEc:pab:wpboam:19.03
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    References listed on IDEAS

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