The nature and influence of information quality and information asymmetry on decision-making by UK corporate boards of directors

Ainsley, Guy James ORCID: 0000-0001-7236-9200 (2019). The nature and influence of information quality and information asymmetry on decision-making by UK corporate boards of directors. University of Birmingham. Ph.D.

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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.

Type of Work: Thesis (Doctorates > Ph.D.)
Award Type: Doctorates > Ph.D.
Licence: All rights reserved
College/Faculty: Colleges (2008 onwards) > College of Social Sciences
School or Department: Birmingham Business School
Funders: None/not applicable
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management


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