Abstract
The paper studies the board composition, director tenure and CEO/chairman duality, and their association with financial performance among 71 large companies from nine Latin American countries listed in the U.S. as American depository receipts (ADR). Three measures of board independence and two accounting performance ratios are used. Results show that accounting performance is not associated with board composition among the firms, except that the tenure of outside directors relative to chief executive officer’s (CEO) tenure has a positive effect on the return on assets (ROA). The findings suggest that as the number of years that outside directors sit on a board increases, ROA will also increase.
| Original language | English |
|---|---|
| Pages (from-to) | 1-19 |
| Number of pages | 19 |
| Journal | Latin American Business Review |
| Volume | 4 |
| Issue number | 2 |
| DOIs | |
| State | Published - 2004 |
ASJC Scopus Subject Areas
- Business and International Management
- Business, Management and Accounting (miscellaneous)
Keywords
- American depository receipt
- Board composition
- Firm performance
- Outside directors
Disciplines
- Business
Fingerprint
Dive into the research topics of 'Board composition and firm performance of large Latin American firms: An exploratory view'. Together they form a unique fingerprint.Cite this
- APA
- Standard
- Harvard
- Vancouver
- Author
- BIBTEX
- RIS