Effective corporate monitoring: independence, motivation and means

Drennan, Lyndal, Kelly, Simone, McNamara, Ray, and Martin, Michelle (2012) Effective corporate monitoring: independence, motivation and means. International Review of Business Research Papers, 8 (5). pp. 65-84.

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Abstract

A feature of the literature on the role of Boards of Directors is the mixed and contradictory findings. This research used continuous listing compliance as a measure of Board performance. A matched pairs design was employed, using governance data on 30 board attributes for firms listed on the Australian Stock Exchange from 1992 to 2000. Factor analysis was used to identify constructs associated with Board composition and firm performance. Discriminant analysis confirmed that the resultant model of performance was a significant predictor of firms' ability to maintain continuous listing compliance. Neither the independence nor assembled knowledge variables were separately significant. Variables capturing directors' motivation to monitor, and board cohesiveness were significant.

Item ID: 26261
Item Type: Article (Scholarly Work)
Keywords: corporate governance, board membership, independence, general and specific knowledge, reputation
ISSN: 1832-9543
Date Deposited: 16 Apr 2013 22:48
FoR Codes: 15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1501 Accounting, Auditing and Accountability > 150102 Auditing and Accountability @ 100%
SEO Codes: 90 COMMERCIAL SERVICES AND TOURISM > 9001 Financial Services > 900101 Finance Services @ 100%
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