The effect of board’s quality on performance: a study of Canadian firms
This article was published in the Corporate Governance: An International Review [© Wiley Online Library] and the definite version is available at : http://doi:10.1111/j.1467-8683.2007.00592.x The Journal's website is at: http://onlinelibrary.wiley.com/doi/10.1111/j.1467-8683.2007.00592.x/abstra...
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© 2007 Blackwell Publishing Ltd.
2016
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| Online Erişim: | http://hdl.handle.net/10361/5465 |
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10361-54652016-07-16T07:19:26Z The effect of board’s quality on performance: a study of Canadian firms Adjaoud, Fodil Zeghal, Daniel Andaleeb, Syed Saad Board Quality Performance Earnings EVA(R) MVA This article was published in the Corporate Governance: An International Review [© Wiley Online Library] and the definite version is available at : http://doi:10.1111/j.1467-8683.2007.00592.x The Journal's website is at: http://onlinelibrary.wiley.com/doi/10.1111/j.1467-8683.2007.00592.x/abstract We investigate the impact of board’s quality as defined by a Score published in a Canadian National Newspaper on the performance of the firm. Based on the current literature, we ranked the boards of 219 Canadian firms in terms of four board characteristics: composition of the board, compensation of board members, shareholder rights, and disclosure. Then, we defined firm performance by using traditional accounting-based measures such as ROI, ROE, EPS, and Market-to-book ratio and value creation-based measures such as EVA(R) and MVA. To test the effects of board’s quality on firm performance, we adopted different models of univariate and multivariate statistical analysis. Our results show no significant relationships between corporate governance and performance when using traditional performance measures, such as ROI, ROE, EPS and Market-tobook. However, they reveal significant links between board’s quality and performance when the latter is captured by value performance measures, such as market value added and economic value added. Published 2016-06-16T13:44:52Z 2016-06-16T13:44:52Z 2007 Article Adjaoud, F., Zeghal, D., & Andaleeb, S. S. (2007). The effect of board’s quality on performance: a study of Canadian firms. Corporate Governance: An International Review , 15(04), 623–635. doi:10.1111/j.1467-8683.2007.00592.x http://hdl.handle.net/10361/5465 10.1111/j.1467-8683.2007.00592.x en http://doi.org/10.1111/j.1467-8683.2007.00592.x © 2007 Blackwell Publishing Ltd. |
| institution |
Brac University |
| collection |
Institutional Repository |
| language |
English |
| topic |
Board Quality Performance Earnings EVA(R) MVA |
| spellingShingle |
Board Quality Performance Earnings EVA(R) MVA Adjaoud, Fodil Zeghal, Daniel Andaleeb, Syed Saad The effect of board’s quality on performance: a study of Canadian firms |
| description |
This article was published in the Corporate Governance: An International Review [© Wiley Online Library] and the definite version is available at : http://doi:10.1111/j.1467-8683.2007.00592.x The Journal's website is at: http://onlinelibrary.wiley.com/doi/10.1111/j.1467-8683.2007.00592.x/abstract |
| format |
Article |
| author |
Adjaoud, Fodil Zeghal, Daniel Andaleeb, Syed Saad |
| author_facet |
Adjaoud, Fodil Zeghal, Daniel Andaleeb, Syed Saad |
| author_sort |
Adjaoud, Fodil |
| title |
The effect of board’s quality on performance: a study of Canadian firms |
| title_short |
The effect of board’s quality on performance: a study of Canadian firms |
| title_full |
The effect of board’s quality on performance: a study of Canadian firms |
| title_fullStr |
The effect of board’s quality on performance: a study of Canadian firms |
| title_full_unstemmed |
The effect of board’s quality on performance: a study of Canadian firms |
| title_sort |
effect of board’s quality on performance: a study of canadian firms |
| publisher |
© 2007 Blackwell Publishing Ltd. |
| publishDate |
2016 |
| url |
http://hdl.handle.net/10361/5465 |
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