Board monitoring and firm performance: Controlling for endogeneity and multicollinearity
نویسندگان
چکیده
منابع مشابه
Board Monitoring and Firm performance: Controlling for Endogeneity and Multicollinearity
Purpose of this study is to investigate the relation between board monitoring and firm performance after controlling the endogeneity and multicollinearity problem that exist in most corporate governance research. Prior studies failed to establish any significant relationship between board monitoring and firm performance because of not properly control for endogeneity and multicollinearity probl...
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An extensive finance literature has suggested that independent (outside) directors monitor firm management and thereby increase firm value. Monitoring by a firm’s independent directors is, however, costly and the level of board monitoring should be endogenously determined as a function of firm characteristics. We show that a negative relationship between board monitoring and uncertainty is a di...
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ژورنال
عنوان ژورنال: Corporate Ownership and Control
سال: 2009
ISSN: 1810-3057,1727-9232
DOI: 10.22495/cocv6i3p8