Are board meetings proactive or reactive to performance?

Autor:	Bob Clift, Yi Wang
Rok vydání:	2008
Předmět:	Board of directors Process management ComputingMilieux_THECOMPUTINGPROFESSION board meeting frequency Australia Business lcsh:Business Business and International Management lcsh:HF5001-6182 firm performance
Zdroj:	Corporate Board: Role, Duties & Composition, Vol 4, Iss 3, Pp 6-15 (2008)
ISSN:	2312-2722 1810-8601
DOI:	10.22495/cbv4i3art1
Popis:	The purpose of this paper is to investigate the relationship between the intensity of board activity, as represented by board meeting frequency, and firm financial performance, using data from the top 500 Australian companies. Firm performance measures include return on assets, return on equity and shareholder return; several control variables are introduced in the analysis. The results indicate that board meeting frequency has a positive impact on subsequent shareholder return. Regarding the explanatory factors for the level of board activity, it is reported that firms with more board committees tend to have relatively more board and committee meetings; firms with larger boards have less board meetings. In addition, lower managerial ownership leads to more committee meetings.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::befb0779e579aebabc1c4966b2b45307 https://doi.org/10.22495/cbv4i3art1 Zobrazit plný text záznamu