Board Structure and Firm Performance: Evidence from French Firms Listed in SBF 120
Using a sample of 40 French companies listed on the SBF 120 for the period 2002-2009, we examine if board structure (board size, independence of its members and the cumulative functions of decision and control) relate to their performance. To test the validity of our hypothesis, which states the exi...
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| Format: | Article |
| Language: | English |
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EconJournals
2014-09-01
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| Series: | International Journal of Economics and Financial Issues |
| Subjects: | |
| Online Access: | https://dergipark.org.tr/tr/pub/ijefi/issue/31963/352028?publisher=http-www-cag-edu-tr-ilhan-ozturk |
| _version_ | 1797905617544806400 |
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| author | Aymen AMMARI Mohamed KADRIA Abderrazak ELLOUZE |
| author_facet | Aymen AMMARI Mohamed KADRIA Abderrazak ELLOUZE |
| author_sort | Aymen AMMARI |
| collection | DOAJ |
| description | Using a sample of 40 French companies listed on the SBF 120 for the period 2002-2009, we examine if board structure (board size, independence of its members and the cumulative functions of decision and control) relate to their performance. To test the validity of our hypothesis, which states the existence of a certain deterministic between the board structure and financial performance measured by four different ratios, namely ROA, ROE, Tobin's Q and Market to Book, we have developed four dynamic panel system GMM approach to control for relevant sources of endogeneity (simultaneity, reverse causality and unobserved heterogeneity). Our results support the idea, commonly accepted, that board structure is a determinant factor for French firm performance. |
| first_indexed | 2024-04-10T10:08:10Z |
| format | Article |
| id | doaj.art-9af26c48eb5e4e4cb93743f142bdc9be |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T10:08:10Z |
| publishDate | 2014-09-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-9af26c48eb5e4e4cb93743f142bdc9be2023-02-15T16:22:23ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382014-09-01435805901032Board Structure and Firm Performance: Evidence from French Firms Listed in SBF 120Aymen AMMARIMohamed KADRIAAbderrazak ELLOUZEUsing a sample of 40 French companies listed on the SBF 120 for the period 2002-2009, we examine if board structure (board size, independence of its members and the cumulative functions of decision and control) relate to their performance. To test the validity of our hypothesis, which states the existence of a certain deterministic between the board structure and financial performance measured by four different ratios, namely ROA, ROE, Tobin's Q and Market to Book, we have developed four dynamic panel system GMM approach to control for relevant sources of endogeneity (simultaneity, reverse causality and unobserved heterogeneity). Our results support the idea, commonly accepted, that board structure is a determinant factor for French firm performance.https://dergipark.org.tr/tr/pub/ijefi/issue/31963/352028?publisher=http-www-cag-edu-tr-ilhan-ozturkboard of directors board size independence of the board accumulation of functions financial performance system gmm |
| spellingShingle | Aymen AMMARI Mohamed KADRIA Abderrazak ELLOUZE Board Structure and Firm Performance: Evidence from French Firms Listed in SBF 120 International Journal of Economics and Financial Issues board of directors board size independence of the board accumulation of functions financial performance system gmm |
| title | Board Structure and Firm Performance: Evidence from French Firms Listed in SBF 120 |
| title_full | Board Structure and Firm Performance: Evidence from French Firms Listed in SBF 120 |
| title_fullStr | Board Structure and Firm Performance: Evidence from French Firms Listed in SBF 120 |
| title_full_unstemmed | Board Structure and Firm Performance: Evidence from French Firms Listed in SBF 120 |
| title_short | Board Structure and Firm Performance: Evidence from French Firms Listed in SBF 120 |
| title_sort | board structure and firm performance evidence from french firms listed in sbf 120 |
| topic | board of directors board size independence of the board accumulation of functions financial performance system gmm |
| url | https://dergipark.org.tr/tr/pub/ijefi/issue/31963/352028?publisher=http-www-cag-edu-tr-ilhan-ozturk |
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