The research aims to analyze determinants of board size (BD) of companies listed on B3 S/A, from 2014 to 2019, with data collected by the Com.dinheiro.com platform. The hypotheses “firm size is positively related to board size” (H1); “firm ownership structure is negatively related to board size” (H2); and, “firm performance is positively related to board size” (H3), were quantitatively analyzed by multiple linear regression, heteroscedasticity and multicollinearity tests and F-statistics, based on the variables: company size (TAMA); ownership structure; type of control; performance (EBITDA), and control variable, gender of the board of directors and the year. The results indicate that board size was explained by company size, ownership structure, and performance, confirming the three proposed hypotheses. For future research we suggest the use of other dependent variables that portray the board structure.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.