Use this URL to cite or link to this record in EThOS: https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.824091
Title: The nature and influence of information quality and information asymmetry on decision-making by UK corporate boards of directors
Author: Ainsley, Guy James
Awarding Body: University of Birmingham
Current Institution: University of Birmingham
Date of Award: 2019
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Abstract:
This thesis is about decision-making by a corporation's board of directors - the core function of corporate governance. Under UK corporate governance control frameworks, corporate boards accept collective responsibility for the quality of decision-making processes and the consequences. This thesis develops a conceptual framework that provides a nuanced definition and typology of the functions of corporate governance, and an inter-related typology of the information used in corporate governance decision-making. Using this conceptual framework and typology, this thesis explores the use of information in its role as the key resource for corporate board decision-making. Through quantitative and qualitative research, it is demonstrated that the purpose and quality of a director's information, and its use in decision-making and consequential risk-taking, is individual and variable to each director, despite the assumption of collective endeavours inherent in contemporary control frameworks. This thesis also demonstrates that, in general, non-executive directors accept and utilise lower quality information than the information accepted and utilised by executive directors. Therefore non-executive directors make lower quality, riskier decisions which are not sufficiently mitigated by the corporation. Based on the research undertaken, this thesis introduces a new theory of how corporate executive director agency works in practice.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID: uk.bl.ethos.824091  DOI: Not available
Keywords: H Social Sciences (General) ; HB Economic Theory ; HD61 Risk Management
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