Board Effectiveness in Pharmaceutical Industry: The Case of TAPIC Pharmaceutical Group
2011 (English)In: Journal of Modern Accounting and Auditing, ISSN 1548-6583, Vol. 7, no 5, 463-473 p.Article in journal (Refereed) Published
This study suggests an emperically tested modelto fit the pharmaceutical industry and the context of LDCs, especially Iran. The paper stands upon a rich database consisting of Tamin Active Pharmaceutical Ingredients Investment Company (TAPIC) and its 11 subsidiary companies which are treated as 11 mini-cases. Data were collected by document analysis, questionnaire and interviews. The results suggest some improvements to the earlier models and show that the pattern of board effectiveness in Iranian pharmaceutical industry can be influenced by: (1) Internal factors including: (a) board members, the personality and background, (b) board composition, which is influenced by selection criteria, Tribalism, interpersonal relationship and belonging to the same ideological group, (c) board interactions, and (d) power distribution in the board, which is influenced by parenting power in holding companies. All internal factors are directly or indirectly affected by political issues as well as socio-cultural forces. (2) External factors including: (a) industrial complexity and the nature of industry, (b) industrial ethos, (c) legislation, and political forces, (d) economy, which the last two factors are influenced by international environment as well.
Place, publisher, year, edition, pages
David Publication , 2011. Vol. 7, no 5, 463-473 p.
Economics and Business Business Administration
IdentifiersURN: urn:nbn:se:liu:diva-73489OAI: oai:DiVA.org:liu-73489DiVA: diva2:473037