Board-Of-Directors’ Involvement in the Strategic Process: The French Particularism
The objective of this paper is to study the Board-of-Directors’ involvement in the strategic process to better understand its impact on corporate performance. How should it invest to not harm the company development? In mobilizing an integrating framework of agency theory and cognitive perspective, we conduct an empirical study on a sample of French listed companies. If our results highlight a positive impact in the strategic initiation phase, a strong involvement of the Board-of-Directors in the implementation and control activities seems rather be counterproductive.