Does prestigious board membership matter? Evidence from New Zealand

被引：5

作者：

Jahan, Mosammet Asma ^{[1
]}

Lubberink, Martien ^{[2
]}

Van Peursem, Karen ^{[2
]}

机构：

[1] Open Polytech New Zealand, Lower Hutt, New Zealand

[2] Victoria Univ Wellington, Victoria Business Sch, Wellington, New Zealand

来源：

ACCOUNTING AND FINANCE | 2021年 / 61卷 / 01期

关键词：

Governance; Boards; Multiple directorships; CORPORATE GOVERNANCE; MULTIPLE DIRECTORSHIPS; FIRM PERFORMANCE; LABOR-MARKET; RISK-TAKING; BUSY; EXPERIENCE; IMPACT; INDEPENDENCE; MANAGEMENT;

D O I：

10.1111/acfi.12601

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study investigates whether 'prestigious' multiple board membership is positively associated with firm performance. We employ Resource Dependency theory to explain why performance outcomes may be improved by the presence of 'prestigious' multiple directorships. Our analysis relies on extensive hand-collected data on New Zealand company directorships. The results support the contention that 'prestigious' multiple directorships are related to better accounting and market performance. Conclusions reflect upon how Resource Dependency theory informs this phenomenon and how 'prestigious' board members may be a valuable resource for firms. We also reveal how these findings expose a new avenue for board governance research.

引用

页码：977 / 1015

页数：39

共 50 条

[41] Does sustainability matter for Fintech firms? Evidence from United States firms [J].

Najaf, Khakan ;

Khalifa, Ali Haj ;

Obaid, Shaher Mohammad ;

Al Rashidi, Abdulla ;

Ataya, Ahmed .

COMPETITIVENESS REVIEW, 2023, 33 (01) :161-180

[42] Does gender diversity on banks' boards matter? Evidence from public bailouts [J].

Cardillo, Giovanni ;

Onali, Enrico ;

Torluccio, Giuseppe .

JOURNAL OF CORPORATE FINANCE, 2021, 71

[43] Board Characteristics and Integrated Reporting Strategy: Does Sustainability Committee Matter? [J].

Qaderi, Sumaia Ayesh ;

Ghaleb, Belal Ali Abdulraheem ;

Hashed, Abdulwahid Ahmed ;

Chandren, Sitraselvi ;

Abdullah, Zaimah .

SUSTAINABILITY, 2022, 14 (10)

[44] Board busyness, performance and financial stability: does bank type matter? [J].

Vu Quang Trinh ;

Elnahass, Marwa ;

Salama, Aly ;

Izzeldin, Marwan .

EUROPEAN JOURNAL OF FINANCE, 2020, 26 (7-8) :774-801

[45] Does corporate governance matter in determining CEO compensation in the publicly listed companies in New Zealand? An empirical investigation [J].

Reddy, Krishna ;

Abidin, Sazali ;

You, Linjuan .

MANAGERIAL FINANCE, 2015, 41 (03) :301-327

[46] Corporate board, audit committee and earnings manipulation: does the corporate regulation matter? An emerging economy perspective [J].

Khan, Sattar ;

Kamal, Yasir .

CORPORATE GOVERNANCE-THE INTERNATIONAL JOURNAL OF BUSINESS IN SOCIETY, 2024, 24 (04) :831-864

[47] Board structure and corporate R&D intensity: evidence from Forbes global 2000 [J].

AlHares, Aws ;

Elamer, Ahmed A. ;

Alshbili, Ibrahem ;

Moustafa, Maha W. .

INTERNATIONAL JOURNAL OF ACCOUNTING AND INFORMATION MANAGEMENT, 2020, 28 (03) :445-463

[48] Board Gender Diversity and Corporate Response to Sustainability Initiatives: Evidence from the Carbon Disclosure Project [J].

Ben-Amar, Walid ;

Chang, Millicent ;

McIlkenny, Philip .

JOURNAL OF BUSINESS ETHICS, 2017, 142 (02) :369-383

[49] Does board gender diversity affect intellectual capital voluntary disclosure? Evidence from Tunisia [J].

Loulou-Baklouti, Salma .

INTERNATIONAL JOURNAL OF DISCLOSURE AND GOVERNANCE, 2024, 21 (02) :193-210

[50] Does Independent Industry Expertise Improve Board Effectiveness? Evidence From Bank CEO Turnovers [J].

Chen, Zhongdong .

INTERNATIONAL REVIEW OF FINANCE, 2020, 20 (03) :665-699

← 1 2 3 4 5 →