Conyon, Martin and Peck, S (1998) Board Size and Corporate Performance: Evidence from European Countries. European Journal of Finance, 4 (3). pp. 291-304. ISSN 1351-847XFull text not available from this repository.
This paper examines the effects of board size on corporate performance across a number of European economies. Agency models suggest that large boards may destroy corporate value. Our fixed effects econometric evidence demonstrates that the effect of board size on corporate performance is generally negative. A negative effect is isolated for all five European countries in question when performance is measured as return on equity; this inverse relationship is more difficult to isolate using market-based measures of performance.
|Journal or Publication Title:||European Journal of Finance|
|Uncontrolled Keywords:||Corporate Governance ; Boards Of Directors ; Corporate Performance|
|Subjects:||H Social Sciences > HF Commerce > HF5601 Accounting|
|Departments:||Lancaster University Management School > Accounting & Finance|
|Deposited On:||26 Jun 2012 11:45|
|Last Modified:||26 Jul 2012 20:21|
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