Record Details

The Impact of Corporate Board Meetings on Corporate Performance in South Africa

African Review of Economics and Finance

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Field Value
 
Title The Impact of Corporate Board Meetings on Corporate Performance in South Africa
 
Creator Ntim, CG
Osei, KA
 
Subject —
 
Description We investigate the impact of corporate board meetings on corporate performance for a sample of 169 listed corporations from 2002 to 2007 in South Africa (SA). Our findings suggest a statistically significant and positive association between the frequency of corporate board meetings and corporate performance, implying that SA boards that meet more frequently tend to generate higher financial performance. A further investigation indicates a significant non-monotonic link between the frequency of corporate board meetings and corporate performance, suggesting that either a relatively small or large number of corporate board meetings impacts positively on corporate performance. Our findings are consistent across a raft of econometric models that control for different types of endogeneities and corporate performance proxies. Our results provide empirical support for agency theory, which suggests that corporate boards that meet more frequently have increased capacity to effectively advise, monitor and discipline management, and thereby improving corporate financial performance.
 
Publisher Rhodes University
 
Contributor —
 
Date 2013-03-28
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://www.ajol.info/index.php/aref/article/view/86950
 
Source African Review of Economics and Finance; Vol 2, No 2 (2011); 83-103
2042-1478
 
Language eng
 
Relation https://www.ajol.info/index.php/aref/article/view/86950/76728
 
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