The Impact of Corporate Board Size on Firm Performance: Evidence from Ghana and Nigeria

Badu, LjEbenezer Agyemang; Appiah, Kingsley Opoku

doi:10.5296/rbm.v4i2.11721

Cited by 39 publications

(34 citation statements)

References 12 publications

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“…Those authors revealed that the increase of members on board potentiates the concerns of social policies. These results are aligned with stakeholders' theory as a large board size enhances the social dimension (Badu and Appiah, 2017;Kalsie and Shrivastav, 2016;Mallin and Michelon, 2011;Setia-Atmaja, 2018;Zhuang et al, 2018). Once again, these results allow us to corroborate H2.…”

Section: Regression Results and Discussionsupporting

confidence: 85%

“…The board's main objective is to create wealth and value to stakeholders, including the process by which companies respond to the rights and requests of them (Cadbury, 2000;Demb and Neinbauer, 1992;Fadhilla and Hapsoro, 2017). Kalsie and Shrivastav (2016) and Badu and Appiah (2017) used Tobin's Q and ROA to address companies' economic dimension of sustainability. The authors argue that firm performance was positively influenced by board size, supporting agency theory.…”

Section: Corporate Governance Factorsmentioning

confidence: 99%

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The influence of corporate governance on corporate sustainability: new evidence using panel data in the Iberian macroeconomic environment

Cancela

Neves

Rodrigues

et al. 2020

IJAIM

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Purpose In the macroeconomic environment of the Iberian Peninsula, this paper aims to examine the influence of corporate governance characteristics on corporate sustainability performance. The purpose of this paper is to address corporate practices while determining which corporate governance characteristics can improve corporate sustainability, considering, for this purpose, three dimensions of sustainability: economic, environmental and social. Design/methodology/approach This sample comprises 99 non-financial companies of the Iberian Peninsula, during the 2013–2017 period. The authors have used the panel data methodology, specifically the generalized method of moments (GMM) estimation method proposed by Arellano and Bover (1995) and Blundell and Bond (1998) to test the hypotheses formulated. Findings The results obtained have shown that corporate sustainability performance is affected differently depending on the sustainability dimension that is considered. Specifically, the economic dimension is determined by public debt, the board size, board diversity and the existence of an audit committee. Regarding the environmental dimension, the board size and the presence of the audit committee, as well the corporate social responsibility committee, are the most important determinants. Finally, the social dimension was influenced by the board size, audit committee and the control variable of capital structure, which means that in this dimension, the sources of financing used by the company also help in determining its levels of social concern. Originality/value To the best of the authors’ knowledge, this is the first time that a study has been carried out in the Iberian Peninsula on the corporate sustainability using GMM-system model for three dimensions of sustainability. Corporate sustainability depends on external and internal factors of companies. Therefore, regulators and managers should realize that they will have to be more effective in their statements.

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Section: Regression Results and Discussionsupporting

confidence: 85%

Section: Corporate Governance Factorsmentioning

confidence: 99%

The influence of corporate governance on corporate sustainability: new evidence using panel data in the Iberian macroeconomic environment

Cancela

Neves

Rodrigues

et al. 2020

IJAIM

View full text Add to dashboard Cite

show abstract

“…Temuan riset ini sejalan dengan penelitian Martín dan Herrero (2018), Yasser et al (2017), Badu (2017), dan Belkhir (2009) yang menemukan bahwa ukuran dewan direksi memiliki pengaruh positif dan signifikan terhadap kinerja keuangan. Penggabungan anggota baru ke dewan direksi memberikan pengetahuan kepada perusahaan sehingga meningkatkan profitabilitas ekonomi perusahaan (Martín dan Herrero, 2018).…”

Section: Pengaruh Dewan Direksi Terhadap Kinerja Keuanganunclassified

Peran Mediasi Kinerja Keuangan Pada Hubungan Dewan Direksi Dengan Reaksi Investor

Daromes

Jao

2020

J. Accounting

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This study aimed to investigate the effect of the board of directors on the reaction of investors are tested both directly and through financial performance. The population used is all manufacturing companies listed on the Indonesia Stock Exchange (IDX) with a research period of 2015-2018. The number of samples is 32 companies every year which are selected by the method of purposive sampling and using secondary data from annual reports. The analytical method used is path analysis and mediation hypothesis testing is carried out using the sobel test. The analysis shows that the board of directors has a positive but not significant effect on investor reaction. Further results show that the board of directors has a positive and significant effect on financial performance. Financial performance has a positive and significant impact on investor reaction. This study also shows that financial performance plays a role in mediating the influence of the board of directors on investor reaction

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“…Some of these studies revealed an increase in the effectiveness of the company as the board of director's size grows. According to Agyemang Badu and Appiah (2017), agency perspective describes the size of the board depicting the level of control exercised by management, while some authors suggested the opposite. In effect, a decrease in the effectiveness of the company as the board of director's size grows.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Do ownership and board characteristics enhance firm performance? A corporate governance perspective

Murtaza

Habib

Khan

2020

Journal of Public Affairs

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The main aim of the current study is to examine the relationship of ownership and board characteristics with firm performance of Pakistan non‐financial firms. This study employed panel data and collected from the annual reports of Pakistan for the period of 2010–2017 and used the regression model. The findings of this study state that the managerial ownership and foreign ownership have a significant positive impact on firm performance measured by market share. Duality has a significant negative and board independent is negative but not significant impact. Board size also has a significant positive relationship with firm performance. The good corporate governance is important which reduce the agency conflicts and enhance the stakeholder's interest. This study explores the link of ownership and board characteristics with firm performance examined by market share. The findings of this study will be helpful to the stakeholders, policymakers, government and practitioners.

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The Impact of Corporate Board Size on Firm Performance: Evidence from Ghana and Nigeria

Cited by 39 publications

References 12 publications

The influence of corporate governance on corporate sustainability: new evidence using panel data in the Iberian macroeconomic environment

The influence of corporate governance on corporate sustainability: new evidence using panel data in the Iberian macroeconomic environment

Peran Mediasi Kinerja Keuangan Pada Hubungan Dewan Direksi Dengan Reaksi Investor

Do ownership and board characteristics enhance firm performance? A corporate governance perspective

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