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Control and collaboration in Philippine conglomerates: an empirical study on the effects of board structural characteristics on firm performance.

Authors :
Lizares, Regina M.
Source :
Asia Pacific Business Review; Oct2020, Vol. 26 Issue 4, p375-395, 21p, 1 Diagram, 4 Charts
Publication Year :
2020

Abstract

This study investigates the board structure – firm performance relationships of Philippine conglomerates. Agency and stewardship theories are used to specify panel regression models. Accounting and market firm performance measures are used to analyse the relationships. Results show significant: (1) positive associations between the separation of the CEO and Chairman roles; and (2) negative association between a higher proportion of outside, independent directors, and firm performance. This study highlights the opportunity to expand and nuance governance research in emerging markets. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
13602381
Volume :
26
Issue :
4
Database :
Complementary Index
Journal :
Asia Pacific Business Review
Publication Type :
Academic Journal
Accession number :
146582655
Full Text :
https://doi.org/10.1080/13602381.2019.1670979