Corporate Governance and Performance of Indian Firms: The Effect of Board Size and Ownership

Dwivedi, Neeraj; Jain, Arun K.

doi:10.1007/s10672-005-6939-5

Cited by 173 publications

(148 citation statements)

References 34 publications

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“…Based on the empirical results of the analysis researcher has to reject H3 and H4 since there are an insignificant positive relationship between board independence and performance measures. These results consistence with the previous findings of (Jackling & Johl, 2009;Dwivedi & Jain, 2005).…”

Section: 2empirical Resultssupporting

confidence: 93%

Corporate governance determinants of firm performance: empirical evidence from banking, finance and insurance companies in Sri Lanka

Panditharathna

2016

Kelaniya J. Hum. Res. Mgt.

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Section: 2empirical Resultssupporting

confidence: 93%

Corporate governance determinants of firm performance: empirical evidence from banking, finance and insurance companies in Sri Lanka

Panditharathna

2016

Kelaniya J. Hum. Res. Mgt.

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“…However, authors also observed that board size below six has no effect on performance. It's viable for only large size board (more than seven) Diwedi & Jain (2002), conducted a study on 340 large, listed Indian firms for the period 1997-2001. This study found a weak positive relation between board size and performance of the firm.…”

Section: Prior Studies On Board Size and Financial Performancementioning

confidence: 99%

The Effects of Board Size on Financial Performance of Banks: A Study of Listed Banks in Nigeria

Uwuigbe¹,

Fakile²

2012

IJEF

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A critical review of the Nigerian banking system over the years shows that one of the problems confronting the sector has been that of poor corporate governance. In an attempt to investigate the linkage between corporate governance and financial performance of banks, this study contributed to the existing literature by assessing the effect of size of boards on the performance of banking sector in a developing economy like Nigeria. This study made use of a range of data drawn from the Nigerian Stock Exchange fact book (2008), which contains information on board size and the performance proxies. Regressing performance on board size, it was observed that banks with board size below 13 are more viable than those with board size above 13. The study further observed that banks with larger boards recorded profits lower than those with smaller boards. Therefore, this study concludes that there is a significant negative relationship between board size and bank financial performance with a t-value of -1.977 and a p-value of 0.053. This is because, increase in board size occurs with increase in agency problems (such as director free-riding) within the board and the board becomes less effective. However, the paper recommends a smaller board size for better financial performance and to reduce the problem of free-rider of banks in Nigeria.

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“…Some studies (Mak & Yuanto, 2003;Haniffa & Hudaib, 2006;Garg, 2007) favor smaller board sizes. However, (Abidin et al, 2009) and Sulong & Nor, 2010) favor large board sizes, (Dwivedi & Jain, 2005;Jackling & Johl, 2009) support large board size. Francoeur et al (2012) asserted that large shareholders have strong incentives to manage earnings upward prior to stockfinanced transactions to limit the dilution of their controlling position.…”

Section: The Literature Reviewmentioning

confidence: 99%

Performance of Mergers and Acquisitions under Corporate Governance Perspective

Liu¹,

Wang²

2013

JSS

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This paper investigates the impact of mergers and acquisitions (M&A) on corporate performance. This article selects 36 M&A cases of China's listed real estate companies in Shanghai and Shenzhen Stock Exchanges from 2008 to 2009. Regarding the corporate value in 2011 as the measure of the long-term performance, we will explore the relationship among check-and-balance Ownership Structure, board size, and institutional investors impact the performance. This paper concludes a positive impact ownership structure on the M&A performance. In addition, the empirical analysis reveals that that the board size has a significant negative effect on the performance. Additionally, the results of the paper indicate that the CEO-Chairman duality has a significant impact on the long-term performance. Besides, institutional investors have positive effect on M&A performance.

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Corporate Governance and Performance of Indian Firms: The Effect of Board Size and Ownership

Cited by 173 publications

References 34 publications

Corporate governance determinants of firm performance: empirical evidence from banking, finance and insurance companies in Sri Lanka

Corporate governance determinants of firm performance: empirical evidence from banking, finance and insurance companies in Sri Lanka

The Effects of Board Size on Financial Performance of Banks: A Study of Listed Banks in Nigeria

Performance of Mergers and Acquisitions under Corporate Governance Perspective

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