Services on Demand
Article
Indicators
Related links
- Cited by Google
- Similars in Google
Share
South African Journal of Economic and Management Sciences
On-line version ISSN 2222-3436
Print version ISSN 1015-8812
Abstract
MUCHEMWA, Munyradadzi Raymond; PADIA, Nirupa and CALLAGHAN, Chris William. Board Composition, Board Size and Financial Performance of Johannesburg Stock Exchange Companies. S. Afr. j. econ. manag. sci. [online]. 2016, vol.19, n.4, pp.497-513. ISSN 2222-3436. http://dx.doi.org/10.17159/2222-3436/2016/v19n4a3.
On the basis of agency theory and resource dependence theory, as well as other corporate governance literature, it is predicted that board composition measured as the ratio of non-executive to executive board members and the number of directors on a firm's board can be positively related to firm performance. This study seeks to test the predictions of this body of theory and to investigate the form of the empirical relationships among these effects. In so doing, this study tests theory that relates these variables in the context of a developing country, using data from South Africa's Johannesburg Stock Exchange, over a seven-year period, 2006-2012.
Keywords : board composition; corporate governance; accounting; auditing.