Edited by Kosmas X. Smyrnios, Panikkos Z. Poutziouris and Sanjay Goel
Chapter 5: Board of directors and generational effect in Spanish non-listed family firms
Corporate governance is one of the topics receiving increased attention in the management research area. Despite the increasing attention of management scholars to corporate governance and boards of directors, empirical evidence on the relationship between board composition and corporate financial performance on the other hand is still equivocal (Minichilli et al., 2009). The number of papers studying board composition is very large. Researchers have analysed the effect of board size (Eisenberg et al., 1998; Fernández et al., 1997; Huther, 1997; Yermack, 1996), board composition (Baysinger and Butler, 1985; Fiegener et al., 2000; Hermalin and Weisbach, 2003; Voordeckers et al., 2007; Jaskiewicz and Klein, 2007; Bammens et al., 2008; Sacristán-Navarro and Gómez-Ansón, 2009; Arosa et al., 2010) on corporate performance, the distinction between inside and outside boards (Finkelstein and Hambrick, 1996; Johnson et al., 1996), but despite numerous studies, the relationship between board characteristics and corporate performance remains unclear (Oxelheim and Randoy, 2003; Anderson and Reeb, 2004).
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.