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The Impact of Board Size, CEO Duality, and Corporate Liquidity on the Profitability of Canadian Service Firms

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  • Amarjit Gill
  • Neil Mathur

Abstract

The purpose of this study is to examine the impact of board size, the CEO (Chief Executive Officer) duality, and corporate liquidity on the profitability of Canadian service firms. This study also seeks to extend the findings of Kajola [1] and Gill [2]. A sample of 75 Canadian service firms listed on Toronto Stock Exchange (TSX) for a period of 3 years (from 2008-2010) was selected. This study applied co-relational and non-experimental research design. The results indicate that larger board size (large number of directors) negatively impact on the profitability of Canadian service firms. The findings of this paper also show that the CEO duality and corporate liquidity positively impact the profitability of Canadian service firms. In addition, firm size and firm growth positively impact the profitability of Canadian service firms. This study contributes to the literature on the factors that affect firm’s profitability. The findings may be useful for the financial managers, investors, and financial management consultants.

Suggested Citation

  • Amarjit Gill & Neil Mathur, 2011. "The Impact of Board Size, CEO Duality, and Corporate Liquidity on the Profitability of Canadian Service Firms," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 1(3), pages 1-6.
    • Handle: RePEc:spt:apfiba:v:1:y:2011:i:3:f:1_3_6
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    Citations

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    Cited by:

    1. Mahdi Salehi & Reza Ghorbanzadeh, 2016. "The influence of firms' capital expenditure on firms' working capital management," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, vol. 11(3), pages 287-301.
    2. Pillai, Rekha & Al-Malkawi, Husam-Aldin Nizar, 2018. "On the relationship between corporate governance and firm performance: Evidence from GCC countries," Research in International Business and Finance, Elsevier, vol. 44(C), pages 394-410.
    3. Changrong Wang & Lufeng Gou & Xuemei Li, 2022. "Is Education Beneficial to Environmentally Friendly Behaviors? Evidence from CEOs," IJERPH, MDPI, vol. 19(18), pages 1-21, September.
    4. Issal Haj-Salem & Salma Damak Ayadi & Khaled Hussainey, 2020. "The joint effect of corporate risk disclosure and corporate governance on firm value," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 17(2), pages 123-140, September.
    5. O. J. Ilaboya & G. Ohiokha & M. O. Izevbekhai, 2016. "Determinants Of Board Size And Composition: A Comparative Study Of Nigerian And Malaysian Quoted Companies," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 25(2), pages 423-444, december.
    6. Vera Gelashvili & María-Jesús Segovia-Vargas & María-del-Mar Camacho-Miñano, 2022. "What factors condition the financial viability of sheltered employment centres? Empirical evidence," Review of Managerial Science, Springer, vol. 16(2), pages 459-482, February.
    7. Ozcan ISIK & Ali Riza INCE, 2016. "Board Size, Board Composition and Performance: An Investigation on Turkish Banks," International Business Research, Canadian Center of Science and Education, vol. 9(2), pages 74-84, February.
    8. Muhammad Azeem Naz & Rizwan Ali & Ramiz Ur Rehman & Collins G. Ntim, 2022. "Corporate governance, working capital management, and firm performance: Some new insights from agency theory," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(5), pages 1448-1461, July.
    9. Saleh, Mustaruddin, 2021. "Determinant Factors of the Public Company’s Value which Listed in Indonesia Stock Exchange," OSF Preprints gbya7, Center for Open Science.

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