The effect of board characteristics and life cycle on corporate performance

This research investigates the effect of board characteristics and corporate life-cycle on performance listed firms in Ghana covering period 2009–2018. The paper adopts approach propounded by Dickinson (2011) to cater proxy measures firms’ life cycle stages. Using pooled estimated generalized least squares (EGLS), findings reveal that chief executive officer (CEO) tenure has a positive significant performance. presence inside directors negatively significantly influences results further indicate at different levels statistical significance, various stages firm’s have negative impact main dependent variable (ROA). With alternative firm (ROE), report aside from decline stage which drives performance, rest (i.e., introduction, growth, maturity) influence However, only growth maturity exert As part suggestions, study proposes should reduce proportion appoint more non-executive boost Also, endeavor increase investment development every their production ensure steady profit growth.