Busy Boards, Firm Performance and Operating Risk

Lee, Kin‐Wai; Lok, Char-Lee

doi:10.21315/aamjaf2020.16.2.1

Cited by 12 publications

(12 citation statements)

References 4 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Unlike general views multiple directorships negatively, we argue that board with busy directors could be beneficial for firm value [21], [29], [26]. Having many positions in external firm, could signify an essential resource to gather information using the external networks [15].…”

Section: Busy Directors and Firm Valuementioning

confidence: 79%

“…Board multiple directorships refers to board in which its director(s) holds multiple boards seats concurrently [21], [35]. A director is busy when they hold three or more directorship positions in other companies [21], [53], [29].…”

Section: Multiple Directorshipsmentioning

confidence: 99%

“…In 2017, Thailand Stock Exchange Commission (SEC) issued new Corporate Governance code, requiring firms to enhance ESG practice among publicly listed firms [40]. While [21] found that multiple directorships are a global phenomenon, there still few studies on multiple directorships in Thailand, some examples are [29]. To our knowledge, this study is one that examine busy boards and ESG score to firm market value in Thailand.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Do Board Multiple Directorships and ESG Score Drive Firm Value? Study of Non-Financial Companies in Thailand

Sany,

Novica,

Valentina

2024

jak

View full text Add to dashboard Cite

This study intends to demonstrate the impact of board busyness through board multiple directorships and ESG scores towards firm value in Thailand within the period of 2018-2022. Theoretical frameworks such as the resource dependence theory and stakeholder theory explicate the two hypotheses developed for busy directors and ESG score. A director has multiple directorships when he/she has more than three board roles in other publicly listed firms, excluding private organizations and foundations. This research’s population are listed non-financial firms in Thailand Stock Exchange that has ESG score in Refinitiv database for five consecutive years during 2018 to 2022. Final data sample are 28 non-financial companies resulting in 140 observations. Directorship and board size were hand collected from annual reports. Panel data regression with random effect model is used, and results show that there is no association between multiple directorship and firm value. On the other hand, ESG shows a positive and significant relationship towards firm value. This research supports the belief that ESG scores have a notable impact on firm value based.

show abstract

Section: Busy Directors and Firm Valuementioning

confidence: 79%

Section: Multiple Directorshipsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Do Board Multiple Directorships and ESG Score Drive Firm Value? Study of Non-Financial Companies in Thailand

Sany,

Novica,

Valentina

2024

jak

View full text Add to dashboard Cite

show abstract

“…The fraction of busy directors on the board for Microsoft is 91.7%. The high fraction of busy directors can benefit the firm based on previous research [5]. The board of directors at Microsoft are highly busy, experienced.…”

Section: Director Compensation Policiesmentioning

confidence: 99%

The Analysis of Large High-tech Corporations' Governance: Taking Microsoft as an Example

Wang,

Yang,

Zhao

2024

HBEM

View full text Add to dashboard Cite

Artificial intelligence (AI) is having an impact on the world, including economic development, transportation and productivity, and corporate management. This article is mainly based on the American multinational technology company Microsoft Corporation. The company's management, policy, salary, technological innovation, etc. have been studied. Through relevant investigation and research, the influence and development of artificial intelligence on enterprise management have been carried out in depth. For example, companies can promote the public interest by hiring professionals in various fields. The indirect impact of AI on the labor force has changed the development prospects of enterprises. In addition, the construction of artificial intelligence has found new social markets and opportunities for Microsoft. Microsoft hopes that artificial intelligence can solve some profit problems, but whether artificial intelligence can play a long-term value, there are doubts about whether there are bad factors. Why Microsoft hasn't been affected during COVID-19. The company has used special corporate governance during COVID-19.

show abstract

“…For example, Lu, Wang and Dong (2013) show that busy directors have a negative influence on company performance. On the other hand, Lee and Lok (2020) explain that busy directors positively affect company performance. While Yasmin and Utama (2020) fail to find the busy directors' impact on company performance.…”

Section: Introductionmentioning

confidence: 99%

The impact of busy director on the relationship between intellectual capital and performance of manufacturing companies: Evidence from Indonesia

Wijaya

Utama

2023

View full text Add to dashboard Cite

Purpose: The purpose of this study is to investigate and analyse the influence of intellectual capital on manufacturing company performance, as well as the impact of busy directors on the relationship between intellectual capital and manufacturing company performance in Indonesia.Design/methodology/approach: This study analyse secondary data from the Indonesia Stock Exchange and the official websites of manufacturing companies for the 2016-2020 period. To test the hypotheses, this study used a quantitative method with panel data regression to investigate the relationship between intellectual capital and company performance and the moderating effect of busy directors on the relationship between intellectual capital and company performance.Findings: The results show that intellectual capital has a positive effect on company performance and that busy directors enhance this effect.Research limitations/implications: Indonesian companies are characterised by concentrated ownership and lower investor protection so the result may not be generalised in other contexts.Practical implications: The public-listed Indonesian company should consider the board of commissioners with multiple directorships to strengthen the positive relationship between intellectual capital and company performance. Originality/value: This study highlights and examines the impact of the board of commissioners with multiple directorships on the relationship between intellectual capital and the financial performance of manufacturing companies in Indonesia. Therefore, this study provides a better understanding of the importance of board competency as reflected in multiple directorships that affect the relationship between intellectual capital and company performance.

show abstract

Busy Boards, Firm Performance and Operating Risk

Cited by 12 publications

References 4 publications

Do Board Multiple Directorships and ESG Score Drive Firm Value? Study of Non-Financial Companies in Thailand

Do Board Multiple Directorships and ESG Score Drive Firm Value? Study of Non-Financial Companies in Thailand

The Analysis of Large High-tech Corporations' Governance: Taking Microsoft as an Example

The impact of busy director on the relationship between intellectual capital and performance of manufacturing companies: Evidence from Indonesia

Contact Info

Product

Resources

About