The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Is Board Size an Independent Corporate Governance Mechanism?
Abstract
SUMMARY: Using a simultaneous equations framework with a comprehensive set of publicly listed Swiss companies, our findings suggest that the size of the board of directors is an independent corporate governance mechanism. This implies that any potential relationship between board size and firm valuation is indeed causal. However, in contrast to previous studies, we do not uncover a significant relationship between board size and firm valuation, which can be interpreted as support for the hypothesis of the existence of an optimal board size. On average, firms choose the number of board members just optimally. This indicates that cross‐sectional variations in board size to a large extent reflect differences in firms' underlying environment, and not mistaken choices.
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MYERS, S. C. (1984) · The Journal of Finance · doi:10.1111/j.1540-6261.1984.tb03646.x · Cited by 7,526
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Gerged, A. M. (2021) · Business Strategy and the Environment · doi:10.1002/bse.2642 · Cited by 355
Inventory Turnover and Firm Profitability: A Saudi Arabian Investigation
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Kouaib, A., & Bu Haya, M. I. (2024) · Journal of Risk and Financial Management · doi:10.3390/jrfm17010016 · Cited by 10
Metadata
- Authors
- Beiner, S., Drobetz, W., Schmid, F., & Zimmermann, H.
- Venue
- Kyklos
- Publisher
- Wiley
- Published
- 2004-08
- Volume
- 57
- Issue
- 3
- Pages
- 327-356
- ISSN
- 0023-5962 (ISSN-L)
- 1467-6435
- OpenAlex
- W1975108122
- Cited by
- 312
- References
- 1
- FWCI
- 43.55
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
