IDEAS home Printed from
   My bibliography  Save this article

¿Son Efectivos Los Consejos De Administración? La Eficacia Del Consejo Y Los Resultados De La Empresa / Are The Boards Of Directors Effective? The Board’S Efficiency And The Financial Performance Of The Company


  • Barroso Castro, C.

    () (Universidad de Sevilla (España))

  • Villegas Periñan, M.M.

    () (Universidad de Sevilla (España))

  • Pérez-Calero, L.

    () (Universidad de Sevilla (España))


Numerosos trabajos han estudiado la influencia del consejo de administración en las decisiones y resultados de sus empresas. No obstante, la enorme popularidad alcanzada en el campo del gobierno corporativo por estos estudios, no viene acompañada por sus resultados, que han sido ambiguos y, a veces, conflictivos En esta investigación proponemos que la efectividad de los consejos depende de las experiencias y conocimientos de los consejeros que lo conforman, así como de la estructura de estos consejos. Entendemos que ambas dimensiones (composición y estructura) no son “por si” suficientes para el logro de consejos plenamente efectivos, pero si se definen como elementos necesarios para ello. Desde nuestra perspectiva, constituyen el potencial que permitirá lograr una adecuada capacidad estratégica por parte del consejo. Nuestros resultados muestran la importancia de las variables que conforman la estructura y composición del consejo (tamaño del consejo, permanencia, experiencia de los consejeros) a la hora de explicar los resultados empresariales. / The study of the effectiveness of boards of directors is a tremendously interesting area of investigation, heightened by the many financial scandals of the recent past. Research efforts have suffered from several deficiencies like the inconsistency of many of the results achieved (Daily, Dalton and Cannella, 2003; Dalton, Daily, Ellstrand and Johnson, 1998; Johnson et al., 1996). It emphasises the need to go further with this research subject. Within this framework, our paper examines board effectiveness through board members’ level of knowledge and experience and board structure. We understand that both dimensions: board composition and structure are not enough to board effectiveness but determine the potential to get a strategic capability. Our results show how board size, length of tenure of directors and board members’ experience in senior management positions, have effects on firm financial performance.

Suggested Citation

  • Barroso Castro, C. & Villegas Periñan, M.M. & Pérez-Calero, L., 2010. "¿Son Efectivos Los Consejos De Administración? La Eficacia Del Consejo Y Los Resultados De La Empresa / Are The Boards Of Directors Effective? The Board’S Efficiency And The Financial Performance Of T," Investigaciones Europeas de Dirección y Economía de la Empresa (IEDEE), Academia Europea de Dirección y Economía de la Empresa (AEDEM), vol. 16(3), pages 107-126.
  • Handle: RePEc:idi:jiedee:v:16:y:2010:i:3:p:107-126

    Download full text from publisher

    File URL:
    File Function: complete text
    Download Restriction: no

    References listed on IDEAS

    1. Rudberg, Martin & Olhager, Jan, 2003. "Manufacturing networks and supply chains: an operations strategy perspective," Omega, Elsevier, vol. 31(1), pages 29-39, February.
    2. Vijay Pothukuchi & Fariborz Damanpour & Jaepil Choi & Chao C Chen & Seung Ho Park, 2002. "National and Organizational Culture Differences and International Joint Venture Performance," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 33(2), pages 243-265, June.
    Full references (including those not matched with items on IDEAS)


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:idi:jiedee:v:16:y:2010:i:3:p:107-126. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Tony Crespo Franco). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.