ABSTRACT In this study, we examine the association between board composition, governance, and charity care provided by nonprofit hospitals. Using tax return data, first investigate whether composition of hospital boards is associated with governing decisions related to patients' eligibility for care. Then, these are amount provided. These research questions motivated legislators' regulators' in...

We argue that the choice and composition of the Board of Directors is determined by the constituents of the ownership types within a firm. We categorize ownership in three distinct types-individual, corporate and institutional. We hypothesize and empirically link each ownership type to a type of Board Director. The board of directors is considered to be an important component of governance of a...

We develop theory to show board composition and, consequently firm performance are a reflection of the firm’s life cycle stage and the relative power of the CEO and external financiers at the time of founding. This theory provides insight into the predictive validity of agency, resource dependence, institutional and social network theories. We also argue that boards are subject to path dependen...