{"id":"https://openalex.org/W1966695932","doi":null,"title":"Outside Directors, Board Interlocks and Firm Performance: Empirical Evidence from Colombian Business Groups","display_name":"Outside Directors, Board Interlocks and Firm Performance: Empirical Evidence from Colombian Business Groups","publication_year":2010,"publication_date":"2010-09-30","ids":{"openalex":"https://openalex.org/W1966695932","mag":"1966695932"},"language":"en","primary_location":{"id":"mag:1966695932","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1685953","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},"volume":null,"type":"preprint","indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1685953","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5043519836","display_name":"Luis H. Guti\u00e9rrez","orcid":"https://orcid.org/0000-0002-7540-2069","observed_orcids":["https://orcid.org/0000-0002-7540-2069"]},"institutions":[{"id":"https://openalex.org/I90803817","display_name":"Universidad del Rosario","ror":"https://ror.org/0108mwc04","country_code":"CO","type":"education","lineage":["https://openalex.org/I90803817"]}],"countries":["CO"],"is_corresponding":false,"raw_author_name":"Luis H. Guti\u00e9rrez","raw_affiliation_strings":["Universidad del Rosario"],"raw_orcid":"https://orcid.org/0000-0002-7540-2069","affiliations":[{"raw_affiliation_string":"Universidad del Rosario","institution_ids":["https://openalex.org/I90803817"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5062995512","display_name":"Carlos Pombo","orcid":"https://orcid.org/0000-0001-9638-0586","observed_orcids":["https://orcid.org/0000-0001-9638-0586"]},"institutions":[{"id":"https://openalex.org/I162096671","display_name":"Universidad de Los Andes","ror":"https://ror.org/02mhbdp94","country_code":"CO","type":"education","lineage":["https://openalex.org/I162096671"]}],"countries":["CO"],"is_corresponding":false,"raw_author_name":"Carlos Pombo","raw_affiliation_strings":["Universidad de los Andes, Colombia - School of Management"],"raw_orcid":"https://orcid.org/0000-0001-9638-0586","affiliations":[{"raw_affiliation_string":"Universidad de los Andes, Colombia - School of Management","institution_ids":["https://openalex.org/I162096671"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":15,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9961000084877014,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9961000084877014,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11843","display_name":"Family Business Performance and Succession","score":0.0024999999441206455,"subfield":{"id":"https://openalex.org/subfields/1407","display_name":"Organizational Behavior and Human Resource Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11047","display_name":"Gender Diversity and Inequality","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/3318","display_name":"Gender Studies"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/independent-directors","display_name":"independent directors","score":0.984000027179718},{"id":"https://openalex.org/keywords/board-interlocks","display_name":"interlocking directorates","score":0.9789999723434448},{"id":"https://openalex.org/keywords/busy-directors","display_name":"busy directors","score":0.8339999914169312},{"id":"https://openalex.org/keywords/firm-performance","display_name":"firm performance","score":0.8669999837875366},{"id":"https://openalex.org/keywords/return-on-assets","display_name":"return on assets","score":0.8989999890327454},{"id":"https://openalex.org/keywords/corporate-groups","display_name":"corporate groups","score":0.7099999785423279},{"id":"https://openalex.org/keywords/family-control","display_name":"family control","score":0.6880000233650208},{"id":"https://openalex.org/keywords/private-enterprises","display_name":"private enterprises","score":0.7020000219345093},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"corporate governance","score":0.5690000057220459},{"id":"https://openalex.org/keywords/contestability","display_name":"contestability","score":0.5419999957084656},{"id":"https://openalex.org/keywords/firm-valuation","display_name":"business valuation","score":0.6859999895095825},{"id":"https://openalex.org/keywords/colombia","display_name":"Colombia","score":0.5580000281333923}],"concepts":[{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.7793917059898376},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.6461089849472046},{"id":"https://openalex.org/C186027771","wikidata":"https://www.wikidata.org/wiki/Q4008379","display_name":"Valuation (finance)","level":2,"score":0.5106673836708069},{"id":"https://openalex.org/C90287048","wikidata":"https://www.wikidata.org/wiki/Q197952","display_name":"Corporate group","level":3,"score":0.4772067964076996},{"id":"https://openalex.org/C185669311","wikidata":"https://www.wikidata.org/wiki/Q1163221","display_name":"Return on assets","level":3,"score":0.47320693731307983},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.45860299468040466},{"id":"https://openalex.org/C166052673","wikidata":"https://www.wikidata.org/wiki/Q83021","display_name":"Empirical evidence","level":2,"score":0.4563998281955719},{"id":"https://openalex.org/C23032112","wikidata":"https://www.wikidata.org/wiki/Q1344727","display_name":"Enterprise value","level":2,"score":0.44301721453666687},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.4328957498073578},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.225764662027359},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.1557861566543579},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:1966695932","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1685953","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null}],"best_oa_location":{"id":"mag:1966695932","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1685953","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/16","score":0.47620001435279846,"display_name":"Peace, justice, and strong institutions"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":57,"referenced_works":["https://openalex.org/W1493110574","https://openalex.org/W1495656322","https://openalex.org/W1511395520","https://openalex.org/W1513591877","https://openalex.org/W1536839947","https://openalex.org/W1541551616","https://openalex.org/W1545288154","https://openalex.org/W1545411798","https://openalex.org/W1555547446","https://openalex.org/W1595682478","https://openalex.org/W1918571813","https://openalex.org/W1969143852","https://openalex.org/W1973546619","https://openalex.org/W1977528366","https://openalex.org/W1981426311","https://openalex.org/W2004531271","https://openalex.org/W2004772333","https://openalex.org/W2010751726","https://openalex.org/W2034833613","https://openalex.org/W2044647853","https://openalex.org/W2062722861","https://openalex.org/W2063281197","https://openalex.org/W2067871508","https://openalex.org/W2081451080","https://openalex.org/W2088260764","https://openalex.org/W2094855712","https://openalex.org/W2104971595","https://openalex.org/W2110041188","https://openalex.org/W2116694882","https://openalex.org/W2124758339","https://openalex.org/W2127153085","https://openalex.org/W2127893355","https://openalex.org/W2134672337","https://openalex.org/W2141805800","https://openalex.org/W2143513521","https://openalex.org/W2154060107","https://openalex.org/W2161042364","https://openalex.org/W2162448899","https://openalex.org/W2323273425","https://openalex.org/W2327605379","https://openalex.org/W3121172874","https://openalex.org/W3121199437","https://openalex.org/W3121239055","https://openalex.org/W3121314693","https://openalex.org/W3121508629","https://openalex.org/W3121554626","https://openalex.org/W3121880194","https://openalex.org/W3122074909","https://openalex.org/W3122178747","https://openalex.org/W3122571587","https://openalex.org/W3122769798","https://openalex.org/W3123515658","https://openalex.org/W3123841423","https://openalex.org/W3124115461","https://openalex.org/W3125424681","https://openalex.org/W3125441856","https://openalex.org/W3142496586"],"related_works":["https://openalex.org/W7213345707","https://openalex.org/W1564460576","https://openalex.org/W4248458613","https://openalex.org/W2208867165","https://openalex.org/W2182320135","https://openalex.org/W4255625150","https://openalex.org/W2599869006","https://openalex.org/W7027073765","https://openalex.org/W2327021922","https://openalex.org/W2182639266"],"abstract_inverted_index":{"We":[0,96],"investigate":[1],"the":[2,8,14,63,78,85,103,109],"relation":[3,100],"of":[4,10,16,27,37,54,57,77,88,105,111,126,131],"board":[5,112],"structure":[6],"through":[7],"appointments":[9],"outside":[11,106],"directors":[12,18,119],"and":[13,34,71,108,141,151],"role":[15],"busy":[17,118],"on":[19,22,51],"firm":[20,115,128,136,153],"return":[21],"assets":[23],"within":[24],"an":[25,55,144],"environment":[26],"no":[28],"regulation":[29],"for":[30,41,62],"privately":[31],"held":[32],"firms":[33,59,70],"voluntary":[35],"adoption":[36],"corporate":[38],"best":[39],"practices":[40],"security":[42],"issuers":[43],"with":[44,114],"family":[45],"controlling":[46],"blockholders.":[47],"This":[48],"study":[49],"relies":[50],"a":[52,98],"sample":[53],"average":[56],"335":[58],"per":[60],"year":[61],"1996-2006":[64],"period,":[65],"where":[66],"244":[67],"are":[68,73,133],"private":[69],"285":[72],"affiliated":[74],"to":[75,122,135],"one":[76],"seven":[79],"largest":[80],"non-financial":[81],"business":[82],"groups":[83,90],"in":[84,92],"country.":[86],"Five":[87],"these":[89],"were,":[91],"2006,":[93],"still":[94],"family-controlled.":[95],"find":[97],"positive":[99],"between":[101],"both":[102],"ratio":[104],"directors,":[107],"degree":[110],"interlocks,":[113],"return-on-assets.":[116],"Outside":[117],"turned":[120],"out":[121],"be":[123],"key":[124],"drivers":[125],"improved":[127],"performance.":[129],"Appointments":[130],"outsiders":[132],"endogenous":[134],"ownership":[137],"structure.":[138],"Blockholder":[139],"activism":[140],"contestability":[142],"becomes":[143],"internal":[145],"mechanism":[146],"that":[147],"improves":[148],"director":[149],"monitoring":[150],"ex-post":[152],"valuation.":[154]},"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":5},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":4}],"updated_date":"2026-11-03T10:50:19.383937","created_date":"2016-06-24T00:00:00"}