The Influence of Board Structure on the Value of NZX Listed Firms and its Association with Growth Options

Dunstan, Keitha; Keeper, Trish; Truong, Thu Phuong; Zijl, Tony van

doi:10.2139/ssrn.2028629

Cited by 9 publications

(9 citation statements)

References 32 publications

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“…As reported in Panel A of Table 3, board size ( BoardSize ) ranges from 3 to 13, with a mean (median) of 6.1 (6.0). These numbers are comparable to those reported for existing New Zealand studies, such as Hossain et al (2001), Prevost et al (2002), Bhuiyan (2010), Dunstan et al (2011), Li (2013), and Fauzi and Locke (2012). The mean (median) proportion of outside (non‐executive) directors ( OustsideDir ) over the sample period is 84% (86%), ranging from 20 to 100%.…”

Section: Methodssupporting

confidence: 88%

Does prestigious board membership matter? Evidence from New Zealand

Jahan

Lubberink

Peursem

2020

Accounting & Finance

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This study investigates whether ‘prestigious’ multiple board membership is positively associated with firm performance. We employ Resource Dependency theory to explain why performance outcomes may be improved by the presence of ‘prestigious’ multiple directorships. Our analysis relies on extensive hand‐collected data on New Zealand company directorships. The results support the contention that ‘prestigious’ multiple directorships are related to better accounting and market performance. Conclusions reflect upon how Resource Dependency theory informs this phenomenon and how ‘prestigious’ board members may be a valuable resource for firms. We also reveal how these findings expose a new avenue for board governance research.

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Section: Methodssupporting

confidence: 88%

Does prestigious board membership matter? Evidence from New Zealand

Jahan

Lubberink

Peursem

2020

Accounting & Finance

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“…Various studies have been conducted in different sectors and geographic location across the globe such as Choi et al (2006), Chan and li (2008), Nazir et al (2009), Dunstan et al (2011), Rouf (2011), Vintila and Gherghina A. Khan et al / Accounting 3 (2017 123 (2013) found that there was a positive and significant relationships between board independent director and firm value. The presence of non-executive directors on board gives a positive signal to the investors and shareholders in particular and stakeholders in general that affairs of the firms are prudently monitored which also increase public confidence and subsequently add to firm value (Hassan & Butt, 2009).…”

Section: Board Independencementioning

confidence: 99%

An empirical analysis of corporate governance and firm value: Evidence from KSE-100 Index

Khan¹,

Tanveer²,

Malik³

2017

10.5267/j.ac

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This paper investigates the impact of corporate governance on firm value measured by Tobin's Q. Different corporate governance proxies i.e. board size, board independence, audit committee and CEO duality are interacted with firm value. A sample of 91 nonfinancial firms listed on KSE was selected over the period 2010-2014. The findings of the study show that board size and CEO duality had negative impacts on firm value. Moreover, board size, non-executive directors and audit committee had positive and significant impacts on firm value.Growing Science Ltd. All rights reserved. 7

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“…Topik yang dibahas Carter et al (2003) memperoleh perhatian dan diikuti oleh sejumlah penelitian serupa dengan menggunakan area sampel penelitian spesifik dari seluruh penjuru dunia, misalnya Nigeria (Ujunwa et al 2012), Selandia Baru (Dunstan et al 2011dan Fauzi et al 2012, Sri Lanka (Wellalage et al 2013), Amerika Serikat (Carter et al 2010dan Colaco et al 2011, Malaysia (Bolbol I. I. H. 2012), Pakistan (Yasser 2012), Spanyol (Fuentes-Medina et al 2013), Italia (Schwizer et al 2012dan Bianco et al 2013, Bangladesh (Dutta 2006), dan Inggris Raya (Martin et al 2009).…”

Section: Abstrakunclassified

“…Perbedaan ini mendorong karyawan perempuan untuk bersikap dan berlaku lebih selaras dengan kebijakan dan peraturan perusahaan. Hal ini juga didukung Dunstan et al (2011) yang menyimpulkan bahwa keragaman gender dalam dewan perusahaan memiliki implikasi penting pada pembuat regulasi perusahaan. Fuentes-Medina et al (2013) menemukan bahwa ROA berkaitan dengan reputasi perusahaan.…”

Section: Metode Penelitianunclassified

Analisis Pengaruh Faktor-Faktor terhadap Income Smoothing dengan Gender sebagai Variabel Moderator pada Emiten Perbankan

Kusumaningrostati¹,

Mutasowifin²

2016

j.man.org

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Manajemen dapat melakukan intervensi dalam proses penyusunan laporan keuangan bagi pihak eksternal dengan cara meratakan, menaikkan, atau menurunkan laba yang dilaporkan. Salah satu pola manajemen laba adalah income smoothing, dengan cara meratakan laba yang dilaporkan sehingga dapat mengurangi fluktuasi laba. Tujuan penelitian ini adalah mengevaluasi faktor-faktor yang diduga mempengaruhi perataan laba dengan menggunakan Return on Assets (ROA), Debt to Equity Ratio (DER), Net Interest Margin (NIM) sebagai variabel bebas dan gender sebagai variabel moderator, untuk mengidentifikasi pengaruh variabel independen terhadap income smoothing dengan memperhatikan proporsi perempuan dalam dewan perusahaan. Sampel penelitian ini adalah 26 bank yang tercatat di BEI periode 2008-2012 dan dianalisis menggunakan SPSS dengan pengujian regresi linier berganda dan model regresi moderasi. Hasil penelitian menunjukkan bahwa secara simultan ROA, NIM, dan DER dengan variabel moderator gender berpengaruh signifikan terhadap income smoothing. Pengujian secara parsial juga menunjukkan ROA dan NIM dengan variabel moderator gender berpengaruh signifikan terhadap income smoothing, sedangkan DER tidak berpengaruh.Kata kunci : debt to equity ratio (DER), gender, income smoothing, net interest margin (NIM), return on assets (ROA)

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The Influence of Board Structure on the Value of NZX Listed Firms and its Association with Growth Options

Cited by 9 publications

References 32 publications

Does prestigious board membership matter? Evidence from New Zealand

Does prestigious board membership matter? Evidence from New Zealand

An empirical analysis of corporate governance and firm value: Evidence from KSE-100 Index

Analisis Pengaruh Faktor-Faktor terhadap Income Smoothing dengan Gender sebagai Variabel Moderator pada Emiten Perbankan

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