The Impact of the Size of the Board on the Financial Performance of Companies (Literature Review)
Zied Bouaziz II
University of Sfax - Faculty of Economics and Management (FSEGS)
affiliation not provided to SSRN
June 1, 2011
The board of directors, as the internal mechanism of governance has a major function on the reducing the discretion of managers and then to manage the agency relationship between shareholders and leaders and stakeholders of the company. Its composition must therefore allow effective management of this relationship.
Indeed, a scan of the main studies on the topic of the board has allowed us identified several indicators related to the effectiveness of control by this mechanism. These are mainly the size of the board that refers to the number of directors sitting there.
Note: Downloadable document is in French.
Number of Pages in PDF File: 14
Keywords: Size of the board, financial performance-ownership structure
JEL Classification: G18, G3, G34working papers series
Date posted: June 17, 2011 ; Last revised: February 12, 2012
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