Firms’ performance and board size: A simultaneous approach in the European and American contexts

Bibliographic Details
Main Author: Augusto, Mário António Gomes
Publication Date: 2019
Other Authors: Pascoal, Rui, Reis, Pedro
Format: Article
Language: eng
Source: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Download full: http://hdl.handle.net/10316/93237
https://doi.org/10.1080/13504851.2019.1659487
Summary: The relation between performance and board size is analyzed in the American and European contexts. It is found that return on assets (ROA) depends on board size (BS) defined as an endogenous explanatory variable. This potentially non-monotonous effect is modeled by introducing firm size and number of segments by board member as explanatory variables for ROA. BS net effect after accounting for the indirect effect resulting from these variables is negative. Differences in the results obtained for Tobin’s Q, strategic investors’ weight, and equity to total assets, between America and Europe, suggest a more preventive management control in Europe.
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spelling Firms’ performance and board size: A simultaneous approach in the European and American contextsBoard size; board structure; firms’ performance; firms’ complexity; management controlThe relation between performance and board size is analyzed in the American and European contexts. It is found that return on assets (ROA) depends on board size (BS) defined as an endogenous explanatory variable. This potentially non-monotonous effect is modeled by introducing firm size and number of segments by board member as explanatory variables for ROA. BS net effect after accounting for the indirect effect resulting from these variables is negative. Differences in the results obtained for Tobin’s Q, strategic investors’ weight, and equity to total assets, between America and Europe, suggest a more preventive management control in Europe.2019-08-27info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://hdl.handle.net/10316/93237http://hdl.handle.net/10316/93237https://doi.org/10.1080/13504851.2019.1659487enghttps://www.tandfonline.com/doi/abs/10.1080/13504851.2019.1659487?journalCode=rael20Augusto, Mário António GomesPascoal, RuiReis, Pedroinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2022-05-25T06:43:10Zoai:estudogeral.uc.pt:10316/93237Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T21:12:10.413415Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Firms’ performance and board size: A simultaneous approach in the European and American contexts
title Firms’ performance and board size: A simultaneous approach in the European and American contexts
spellingShingle Firms’ performance and board size: A simultaneous approach in the European and American contexts
Augusto, Mário António Gomes
Board size; board structure; firms’ performance; firms’ complexity; management control
title_short Firms’ performance and board size: A simultaneous approach in the European and American contexts
title_full Firms’ performance and board size: A simultaneous approach in the European and American contexts
title_fullStr Firms’ performance and board size: A simultaneous approach in the European and American contexts
title_full_unstemmed Firms’ performance and board size: A simultaneous approach in the European and American contexts
title_sort Firms’ performance and board size: A simultaneous approach in the European and American contexts
author Augusto, Mário António Gomes
author_facet Augusto, Mário António Gomes
Pascoal, Rui
Reis, Pedro
author_role author
author2 Pascoal, Rui
Reis, Pedro
author2_role author
author
dc.contributor.author.fl_str_mv Augusto, Mário António Gomes
Pascoal, Rui
Reis, Pedro
dc.subject.por.fl_str_mv Board size; board structure; firms’ performance; firms’ complexity; management control
topic Board size; board structure; firms’ performance; firms’ complexity; management control
description The relation between performance and board size is analyzed in the American and European contexts. It is found that return on assets (ROA) depends on board size (BS) defined as an endogenous explanatory variable. This potentially non-monotonous effect is modeled by introducing firm size and number of segments by board member as explanatory variables for ROA. BS net effect after accounting for the indirect effect resulting from these variables is negative. Differences in the results obtained for Tobin’s Q, strategic investors’ weight, and equity to total assets, between America and Europe, suggest a more preventive management control in Europe.
publishDate 2019
dc.date.none.fl_str_mv 2019-08-27
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10316/93237
http://hdl.handle.net/10316/93237
https://doi.org/10.1080/13504851.2019.1659487
url http://hdl.handle.net/10316/93237
https://doi.org/10.1080/13504851.2019.1659487
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://www.tandfonline.com/doi/abs/10.1080/13504851.2019.1659487?journalCode=rael20
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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