Date of Award

Fall 11-30-2020

Degree Type


Degree Name

Doctor of Business Administration (DBA)



First Advisor

Vikas Agarwal

Second Advisor

Mark Andrew Chen

Third Advisor

Jayadev M


This study examines the relationship between board connectedness and future firm performance during the crisis period, and whether performance varies with the firm's age and growth opportunities. This study distinguishes between the effect of various board centrality measures on firm performance during a crisis. We find that board connectedness does help future firm performance during a financial crisis. For all firms, future performance for the highest quintile of connected firms outperforms the lowest quintile by approximately 1% per year on average in the 2008–09 crisis period. The impact of connectedness on firms’ future performance during the crisis period is more pronounced for young and high growth firms. Overall, board connectedness appears to effectively manage uncertainty, provide access to valuable resources, shrink the information gap, and help future firm performance during a financial crisis.


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