Outside directors, firm life cycle, corporate financial decisions and firm performance

Outside Directors and Firm Performance during Institutional Transitions

Do outside directors on corporate boards make a difference in firm performance during institutional transitions? What leads to the practice of appointing outside directors in the absence of legal mandate? This article addresses these two important questions by drawing not only on agency theory, but also resource dependence and institutional theories. Taking advantage of China’s institutional tr...

Corporate Governance , Board of Directors , and Firm Performance

Outside directors' experience, TMT firm-specific human capital, and firm performance in entrepreneurial IPO firms

a r t i c l e i n f o Drawing on the behavioral agency perspective and entrepreneurship literature, we examine the impact of board configuration at the time of an IPO on top management team (TMT) firm-specific human capital, and firm performance in young IPO firms. The results show that the ratio of outside directors at the time of an IPO has a positive relationship with the attrition of TMT fi...

Firm Risk , Corporate Governance and Firm Performance

Tosi and Gomez-Mejia, (1989) suggest that the challenge of corporate governance is to set up supervisory and incentive alignment mechanisms that alter the risk and effort orientation of agents to align them with the interests of principals. Therefore, the objective of this study is to determine the efficiency of monitoring and incentive contracts given certain characteristics of the firm. That ...

Modeling firm heterogeneity in corporate social performance and financial performance

Article history: Received 1 August 2015 Received in revised form 1 December 2015 Accepted 1 February 2016 Available online 17 March 2016 Prior research on the association between corporate social performance (CSP) and corporate financial performance (CFP) includes conflicting perspectives and inconclusive findings as to whether or not CSP has a positive, negative, or neutral associationwith CFP...