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Board size and corporate performance: evidence from European countries Author info | Abstract | Publisher info | Download info | Related research | Statistics Martin J. Conyon, Simon I. Peck
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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.
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Article provided by Taylor and Francis Journals in its journal The European Journal of Finance .
Volume (Year): 4 (1998)
Issue (Month): 3 (September)
Pages: 291-304
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Handle: RePEc:taf:eurjfi:v:4:y:1998:i:3:p:291-304Contact details of provider: Web page: http://taylorandfrancis.metapress.com/link.asp?target=journal&id=100161
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For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Keywords: Corporate Governance Boards Of Directors Corporate Performance ; Other versions of this item:
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Chongwoo Choe & Gloria Tian & Xiangkang Yin, 2008.
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Oxelheim, Lars & Randoy, Trond, 2004.
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