BOARD MEETING AND FIRM PERFORMANCE: EVIDENCE FROM THEAMMAN STOCK EXCHANGE

Corporate Board: Role, Duties & Composition

关键词: Performance;    Corporate Governance;    Board Meetings;    GMM;    Jordan;   

DOI  :  10.22495/cbv12i2art1

学科分类：社会科学、人文和艺术（综合）

来源: Virtus Interpress

【 摘 要 】

This study examines the impact of board meeting frequency on the firm performance of the firms listed on the Amman Stock Exchange from industry and service sectors for the 2009-2013 period. The study controls for endogeneity and simultaneously problems using the dynamic panel technique of Generalized Method of Moments (GMM). The findings of the study suggest that a positive association between the frequency of corporate board meetings and firm performance. This suggests that through meetings, board members determine operational issues through discussing and engaging with each other frequency meetings enhancing the decision making process, and consequently the performance of the firms. The findings also show that lagged dependent variable in the estimation model is important in explaining the relationship, which further indicates the appropriateness of the estimation models in our study. This study provides insightful evidence to policy makers on the effectiveness of the of the 2009 Code of Corporate Governance.

【 授权许可】

CC BY-NC