Board composition and performance in Spanish non-listed family firms: The influence of type of directors and CEO duality

被引：39
作者：
Katiuska Cabrera-Suarez, Ma [1 ]
Martin-Santana, Josefa D. [1 ]
机构：
[1] Univ Las Palmas Gran Canaria, Fac Econ Empresa & Turismo, Las Palmas Gran Canaria 35017, Spain
来源：
BRQ-BUSINESS RESEARCH QUARTERLY | 2015年 / 18卷 / 04期
关键词：
Private family firm; Board of directors; Performance; CORPORATE GOVERNANCE; AGENCY COSTS; OWNERSHIP; MANAGEMENT; STEWARDSHIP; INVOLVEMENT; BUSINESSES; CONFLICT; CAPABILITIES; SHAREHOLDERS;
D O I：
10.1016/j.brq.2014.08.001
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study analyzes the effect that certain characteristics of board of directors in Spanish non-listed family firms have on performance. The results of a hierarchical regression analysis on a database of 544 firms show a negative effect of a higher proportion of executive directors and a positive effect of CEO duality. No effects were found in relation to the diversity of family directors (executive or non-executive). In relation to the effect of outside boards, the influence on performance is negative except when this variable was considered in interaction with CEO duality. In this case, the effect on performance was positive. (C) 2013 ACEDE. Published by Elsevier Espana, S.L.U. This is an open access article under the CC BY-NC-ND license
引用
收藏
页码：213 / 229
页数：17
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