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Review of the Relationship between Board Attributes and Firm Performance

Author

Listed:
  • Mohammed Mahmud Kakanda
  • Basariah Salim
  • Sitraselvi Chandren

Abstract

Corporate governance over the years has become an issue of global concern due to the 2008 economic crisis and several financial scandals and corporate failures. This has drawn the attention of policy makers, researchers, investors and regulatory institutions. Moreover, the most significant mechanism of corporate governance is board of directors. Therefore, the purpose of this paper is to review previous studies that examine the relationship between board attributes and firm performance, and to identify possible literature gaps. For the purpose of this review, related materials were being gathered from Emerald management e-Journals and Research Gate database. The paper synthesizes empirical findings on the relationship between selected dimensions of board attributes and firm performance. The paper identifies shortcoming of past studies and concluded by offering some avenues for future researches in this promising area of empirical research.

Suggested Citation

  • Mohammed Mahmud Kakanda & Basariah Salim & Sitraselvi Chandren, 2016. "Review of the Relationship between Board Attributes and Firm Performance," Asian Journal of Finance & Accounting, Macrothink Institute, vol. 8(1), pages 168181-1681, December.
    • Handle: RePEc:mth:ajfa88:v:8:y:2016:i:1:p:168181
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    References listed on IDEAS

    as
    1. Fama, Eugene F & Jensen, Michael C, 1983. "Separation of Ownership and Control," Journal of Law and Economics, University of Chicago Press, vol. 26(2), pages 301-325, June.
    2. Alfred Yawson, 2006. "Evaluating the Characteristics of Corporate Boards Associated with Layoff Decisions," Corporate Governance: An International Review, Wiley Blackwell, vol. 14(2), pages 75-84, March.
    3. Richard Bozec, 2005. "Boards of Directors, Market Discipline and Firm Performance," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 32(9‐10), pages 1921-1960, November.
    4. Chang-Jui Lin, 2011. "An Examination Of Board And Firm Performance: Evidence From Taiwan," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 5(4), pages 17-34.
    5. Richard Bozec, 2005. "Boards of Directors, Market Discipline and Firm Performance," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 32(9-10), pages 1921-1960.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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