Effect of the Board of Directors on Firm Performance

This paper aims to study the relationship between three characteristics of the Board of Directors (Board Size, Independent Members, and Number of Meetings) and performance (ROA, ROE) in Colombian firms during the 2008-2014 period. The analysis was performed using regression models in a balanced data...

Full description

Autores:
Moreno Gomez, Jorge Isaac
Lagos Cortés, Diógenes
Gómez Betancourt, Gonzalo
Tipo de recurso:
Article of journal
Fecha de publicación:
2017
Institución:
Corporación Universidad de la Costa
Repositorio:
REDICUC - Repositorio CUC
Idioma:
eng
OAI Identifier:
oai:repositorio.cuc.edu.co:11323/1874
Acceso en línea:
https://hdl.handle.net/11323/1874
https://repositorio.cuc.edu.co/
Palabra clave:
Board independence
Board meeting frequency
Board of Director
Corporate governance
Performance
Board
Size
Rights
openAccess
License
Atribución – No comercial – Compartir igual
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repository_id_str
dc.title.eng.fl_str_mv Effect of the Board of Directors on Firm Performance
title Effect of the Board of Directors on Firm Performance
spellingShingle Effect of the Board of Directors on Firm Performance
Board independence
Board meeting frequency
Board of Director
Corporate governance
Performance
Board
Size
title_short Effect of the Board of Directors on Firm Performance
title_full Effect of the Board of Directors on Firm Performance
title_fullStr Effect of the Board of Directors on Firm Performance
title_full_unstemmed Effect of the Board of Directors on Firm Performance
title_sort Effect of the Board of Directors on Firm Performance
dc.creator.fl_str_mv Moreno Gomez, Jorge Isaac
Lagos Cortés, Diógenes
Gómez Betancourt, Gonzalo
dc.contributor.author.spa.fl_str_mv Moreno Gomez, Jorge Isaac
Lagos Cortés, Diógenes
Gómez Betancourt, Gonzalo
dc.subject.eng.fl_str_mv Board independence
Board meeting frequency
Board of Director
Corporate governance
Performance
Board
Size
topic Board independence
Board meeting frequency
Board of Director
Corporate governance
Performance
Board
Size
description This paper aims to study the relationship between three characteristics of the Board of Directors (Board Size, Independent Members, and Number of Meetings) and performance (ROA, ROE) in Colombian firms during the 2008-2014 period. The analysis was performed using regression models in a balanced data panel that considered random effects. The results show that BD optimal size for the Colombian case is between 6 and 10 members; and there is no evidence to affirm that the relationship between the characteristics of the studied BD and economic performance is significant.
publishDate 2017
dc.date.issued.none.fl_str_mv 2017-05
dc.date.accessioned.none.fl_str_mv 2018-11-26T16:47:28Z
dc.date.available.none.fl_str_mv 2018-11-26T16:47:28Z
dc.type.spa.fl_str_mv Artículo de revista
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.coar.spa.fl_str_mv http://purl.org/coar/resource_type/c_6501
dc.type.content.spa.fl_str_mv Text
dc.type.driver.spa.fl_str_mv info:eu-repo/semantics/article
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dc.type.version.spa.fl_str_mv info:eu-repo/semantics/acceptedVersion
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status_str acceptedVersion
dc.identifier.issn.spa.fl_str_mv 09729380
dc.identifier.uri.spa.fl_str_mv https://hdl.handle.net/11323/1874
dc.identifier.instname.spa.fl_str_mv Corporación Universidad de la Costa
dc.identifier.reponame.spa.fl_str_mv REDICUC - Repositorio CUC
dc.identifier.repourl.spa.fl_str_mv https://repositorio.cuc.edu.co/
identifier_str_mv 09729380
Corporación Universidad de la Costa
REDICUC - Repositorio CUC
url https://hdl.handle.net/11323/1874
https://repositorio.cuc.edu.co/
dc.language.iso.none.fl_str_mv eng
language eng
dc.rights.spa.fl_str_mv Atribución – No comercial – Compartir igual
dc.rights.accessrights.spa.fl_str_mv info:eu-repo/semantics/openAccess
dc.rights.coar.spa.fl_str_mv http://purl.org/coar/access_right/c_abf2
rights_invalid_str_mv Atribución – No comercial – Compartir igual
http://purl.org/coar/access_right/c_abf2
eu_rights_str_mv openAccess
dc.publisher.spa.fl_str_mv Serials Publications
institution Corporación Universidad de la Costa
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spelling Moreno Gomez, Jorge IsaacLagos Cortés, DiógenesGómez Betancourt, Gonzalo2018-11-26T16:47:28Z2018-11-26T16:47:28Z2017-0509729380https://hdl.handle.net/11323/1874Corporación Universidad de la CostaREDICUC - Repositorio CUChttps://repositorio.cuc.edu.co/This paper aims to study the relationship between three characteristics of the Board of Directors (Board Size, Independent Members, and Number of Meetings) and performance (ROA, ROE) in Colombian firms during the 2008-2014 period. The analysis was performed using regression models in a balanced data panel that considered random effects. The results show that BD optimal size for the Colombian case is between 6 and 10 members; and there is no evidence to affirm that the relationship between the characteristics of the studied BD and economic performance is significant.Moreno Gomez, Jorge Isaac-983ec1fa-5819-4799-a92d-b8a4638a4d5c-600Lagos Cortés, Diógenes-402b04a7-1c58-4443-b0ae-177b64528f71-600Gómez Betancourt, Gonzalo-5da04622-d95b-4738-9a30-36d85904816f-600engSerials PublicationsAtribución – No comercial – Compartir igualinfo:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Board independenceBoard meeting frequencyBoard of DirectorCorporate governancePerformanceBoardSizeEffect of the Board of Directors on Firm PerformanceArtículo de revistahttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Textinfo:eu-repo/semantics/articlehttp://purl.org/redcol/resource_type/ARTinfo:eu-repo/semantics/acceptedVersionPublicationORIGINALEffect of the Board of Directors on firm performance.pdfEffect of the Board of Directors on firm performance.pdfapplication/pdf6845https://repositorio.cuc.edu.co/bitstreams/ee71697f-d7f5-4d23-b212-cd7b7ad9e50b/download691834711084ac3bdd8d90e38f58a64bMD51LICENSElicense.txtlicense.txttext/plain; charset=utf-81748https://repositorio.cuc.edu.co/bitstreams/7c650f75-6e80-439a-af66-7809b7717aa7/download8a4605be74aa9ea9d79846c1fba20a33MD52THUMBNAILEffect of the Board of Directors on firm performance.pdf.jpgEffect of the Board of Directors on firm performance.pdf.jpgimage/jpeg32486https://repositorio.cuc.edu.co/bitstreams/de6195ca-a467-4ee5-b792-fb40a41e5016/download53b8fed6ab157951e792cb0cd4afb2b1MD54TEXTEffect of the Board of Directors on firm performance.pdf.txtEffect of the Board of Directors on firm performance.pdf.txttext/plain860https://repositorio.cuc.edu.co/bitstreams/b5df8f79-9c1c-4aba-adc3-56ad91305d3a/download47cbac5631d00d618161ebc7100f9137MD5511323/1874oai:repositorio.cuc.edu.co:11323/18742024-09-17 10:12:58.017open.accesshttps://repositorio.cuc.edu.coRepositorio de la Universidad de la Costa CUCrepdigital@cuc.edu.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