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022 _a2319510X
040 _aMSU
_bEnglish
_cMSU
_erda
050 0 0 _aHD30.4 ASI
100 1 _aBhatt, R. Rathish
_eauthor
245 1 0 _aDo board characteristics impact firm performance?:
_ban agency and resource dependency theory perspective/
_ccreated by R. Rathish Bhatt and Sujoy Bhattacharya
264 1 _aLos Angeles:
_bSage,
_c2015.
336 _2rdacontent
_atext
_btxt
337 _2rdamedia
_aunmediated
_bn
338 _2rdacarrier
_avolume
_bnc
440 _aAsia-Pacific journal of management research and innovation
_vVolume 11, number 4
520 3 _aThis article, from the perspective of agency and resource dependency theory, investigates the relationship between the various board characteristic measures, such as, board composition, board size, leadership structure and board activity, and accounting measures of performance in a sample of listed firms of Indian information technology (IT) sector. Panel data analysis was carried out on the sample. Our study, after controlling for firm-specific factors, found that the non-duality has a positive effect on performance only when the chairman is independent especially in the case of the larger firms. However, it failed to give evidence to the aspect of agency theory linked to board independence and firm performance. A significant and positive relationship was found between board size and firm performance. Board meeting and board attendance were not found to be associated with firm performance. Our study lends new insights specific to Indian markets as we find results contrary to the popular belief that smaller boards and boards with more independent directors lead to better firm performance.
650 _aCorporate governance
_vFirm performance
_xBoard of directors
700 1 _aBhattacharya, Sujoy
_eco author
856 _uhttps://doi.org/10.1177/2319510X15602973
942 _2lcc
_cJA
999 _c165673
_d165673