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Autores
Orientador(es)
Resumo(s)
The relation between performance and board size (BS) is analysed in the American and European
contexts. It is found that return on assets (ROA) depends on BS defined as an endogenous
explanatory variable. This potentially non-monotonous effect is modelled 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.
Descrição
Palavras-chave
Board size Board structure Firms’ performance Firms’ complexity Management control Board and Performance
Contexto Educativo
Citação
Mário Augusto, Rui Pascoal & Pedro Reis (2019): Firms’ performance and board size: A simultaneous approach in the European and American contexts, Applied Economics Letters, DOI: 10.1080/13504851.2019.1659487
Editora
Taylor & Francis