Decision-Making Amongst Greek Executives: Their Attributes and Environment

Abstract

This paper develops an integrated model of strategic decision-making processes consisting of three perspectives that respectively identify, the external corporate environment, the composition of board, and the characteristics of the board of directors as key influences on strategic decision-making. Based on a sample of executives from 105 Greek organisations listed on the Athens Stock Exchange, the findings suggest that environmental dynamism as well as environmental complexity play a dominant role in the strategic decision-making process. Apart from the educational level of the board members, the characteristics of the directors with respect to their composition and their demographics do not show any statistical effect on the strategic decision-making processes. The educational level of board members is, however, found to be related to financial reporting and hierarchical decentralisation.