The concept of board capital in corporate governance research: a structured literature review
The purpose of this paper is to review and critically evaluate the extant academic research employing the concept of board capital, which was introduced by Hillman and Dalziel (2003) in order to explain the antecedents of effective board functioning and the resulting impact on firm performance. The emergence of a growing body of empirical literature based on the concept of board capital and the goal of identifying the main research topics and empirical strategies triggered the structured review presented in this paper.