Board tenure and firm performance

Audit committee chairman characteristics and corporate performance: Empirical evidence from Saudi Arabia

“…Table 5 provides data of a significant relationship between ACCTEN and CP, which reveals support for hypothesis H1. The findings are consistent with the relationship that exists between Livnat et al (2021) of independent board directors and increased stock valuations, the tenure of ACC and earnings management of Al-Absy et al (2019), the tenure of AC directors and earnings management of Yang and Krishnan (2005). Nevertheless, it contradicts the outcome of the connection between BC's tenure and Waelchli and Zeller's firm results ( 2013), ACC's tenure and financial reporting quality by Tanyi and Smith (2014).…”

“…For example, the relationship between BC tenure et performance and company performance was not substantial between Waelchli and Zeller (2013). This result is inconsistent with Livnat et al (2021), who note that longer board tenure is associated with higher market valuations, which helps in enhancing corporate performance. Thus, and according to the above discussion, the following is the hypothesis: H1: There is a positive relationship between the ACC's tenure and CP.…”

Do the characteristics of the board chairman have an effect on corporate performance? Empirical evidence from Saudi Arabia

“…(2021) findings on the association between BC tenure and operating performance and Waelchli and Zeller (2013) findings on the association between BC tenure and CP. However, it contradicts the findings of Livnat et al. (2021) on the association between the tenure of the board’s non-executive directors and higher market valuations, and of Yang and Krishnan (2005) on the tenure of AC directors and EM.…”

“…Researchers have widely investigated the association of the characteristics of the board directors (at board of director’s level) with CP (e.g., Ali and Oudat, 2021 ; Bawazir et al., 2021 ; Brahma et al., 2021 ; Coles et al., 2008 ; Culasso et al., 2012 ; Daunfeldt and Rudholm, 2012 ; Kanakriyah, 2021 ; Livnat et al., 2021 ; Misra, 2020 ; Olsen and Cox, 2001 ; Vieira, 2018 ; Ujunwa, 2012 ) and earnings management (e.g., Alves, 2011 ; Chaiwut et al., 2020 ; Coles et al., 2008 ; Jaggi and Leung, 2007 ; Kao and Chen, 2004 ). However, little attention has been devoted to investigate this association at the individual level (BC), particularly the association with corporate performance ( Amran et al., 2014 ; Chandren et al., 2021 ).…”

Internal Corporate Governance Mechanism: A Review

“…The effect of financial statement fraud is amplified when considering board tenure, which is designed to boost directors' confidence in practising creative accounting as they become more knowledgeable of and comfortable with internal control procedures (Dikolli, Mayew, & Nanda, 2014;Livnat et al, 2020). Prior studies have shown that small boards are more effective at monitoring and supervising operations, lowering the risk of falsification in financial reporting (Girau et al, 2019;Afzal & Habib, 2018;Anichebe et.al., 2019).…”