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dc.contributor.authorPucheta-Martínez, María Consuelo
dc.contributor.authorGallego‐Álvarez, Isabel
dc.date.accessioned2019-04-09T18:27:27Z
dc.date.available2019-04-09T18:27:27Z
dc.date.issued2019-02
dc.identifier.citationPUCHETA-MARTÍNEZ, María Consuelo; GALLEGO-ÁLVAREZ, Isabel. Do board characteristics drive firm performance? An international perspective. Review of Managerial Science, 2019, p. 1-47ca_CA
dc.identifier.issn1863-6683
dc.identifier.issn1863-6691
dc.identifier.urihttp://hdl.handle.net/10234/182268
dc.description.abstractThe aim of our research is to analyze how board characteristics influence firm performance. In this paper, we specifically examine how board size, board independence, CEO duality, female directors and board compensation affect firm performance in a sample of international firms. The final panel data sample is composed of 10,314 firm-year observations belonging to 34 countries that have been grouped into six geographic zones: Africa, Asia, Europe, Latin America, North America and Oceania. Drawing on agency theory and dependence resource theory, we posit five hypotheses. The results show that some board characteristics, such as board size, board independence and having a female director, are positively associated with firm performance, whereas CEO duality, contrary to our expectations, also impacts positively on firm performance. Moreover, board compensation is not associated with firm performance. Tobin’s Q was used to measure firm performance, although an accounting measure was also employed for robustness analyses and to provide more validity to our results.ca_CA
dc.format.extent57 p.ca_CA
dc.format.mimetypeapplication/pdfca_CA
dc.language.isoengca_CA
dc.publisherSpringer Berlin Heidelbergca_CA
dc.relation.isPartOfReview of Managerial Science, 2019, p. 1-47ca_CA
dc.rights"This is a post-peer-review, pre-copyedit version of an article published in Review of Managerial Science. The final authenticated version is available online at: https://doi.org/10.1007/s11846-019-00330-x”ca_CA
dc.subjectboard sizeca_CA
dc.subjectboard independenceca_CA
dc.subjectCEO dualityca_CA
dc.subjectfemale directorca_CA
dc.subjectboard compensationca_CA
dc.subjectcorporate performanceca_CA
dc.subjectinternational companiesca_CA
dc.titleDo board characteristics drive firm performance? An international perspectiveca_CA
dc.typeinfo:eu-repo/semantics/articleca_CA
dc.identifier.doihttps://doi.org/10.1007/s11846-019-00330-x
dc.relation.projectIDThe authors acknowledge financial support from the Spanish Ministry of Economy, Industry and Competitiveness for the research project ECO 2017-82259-R and from the University Jaume I, Spain, for the research project UJI-B2018-15.ca_CA
dc.rights.accessRightsinfo:eu-repo/semantics/embargoedAccessca_CA
dc.relation.publisherVersionhttps://link.springer.com/article/10.1007/s11846-019-00330-xca_CA
dc.date.embargoEndDate2020-03
dc.type.versioninfo:eu-repo/semantics/acceptedVersionca_CA


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