Since 2014
Effect of Board Diversity on Corporate Governance Structure and Operating Performance: Evidence from the UK Listed Firms
Asian Journal of Accounting and Governance
View Archive Info| Field | Value | |
| Title |
Effect of Board Diversity on Corporate Governance Structure and Operating Performance: Evidence from the UK Listed Firms
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| Creator |
Alabede, James Oladapo; Department of Accounting, Federal University, Wukari, Taraba State -Nigeria |
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| Subject |
Audit committee; board diversity; corporate governance; operating performance; outside directors; return on assets; United Kingdom
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| Description |
This study expands the model of corporate governance to incorporate moderating effect of board diversity. It also investigates the relationship between internal corporate governance structures and firm performance and how this relationship is moderated by the influence of board diversity. The data of the study, which were extracted from annual reports of the UK FTSE 350 firms, were treated statistically using OLS -moderating multiple regression analysis. The coefficients provide evidence that the proportion of outside directors, board size, board diversity are significantly positively related to operating performance ( ROA ). The empirical evidence also indicates that the moderating effect of board diversity strengthens the relationship between outside directors and operating performance as well as between board size and operating performance. By implication, the result suggests that Agency Theory must explicitly indicate that board diversity plays important moderating role in corporate governance.
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| Publisher |
Penerbit UKM
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| Contributor |
Dr. Tony Muff, University of Northampton, UK
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| Date |
2016-11-03
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://ejournal.ukm.my/ajac/article/view/10673
10.17576/AJAG-2016-07-06 |
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| Source |
Asian Journal of Accounting and Governance; Vol 7 (2016); 67-80
2180-3838 |
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| Language |
eng
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| Relation |
http://ejournal.ukm.my/ajac/article/view/10673/4866
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| Rights |
Authors who publish with this journal agree to the following terms:Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
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