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Title:Son efectivos los consejos de administración? La eficacia del consejo y los resultados de la empresa PDF Logo
Authors:Barroso Castro, C.
Villegas Periñan, M. M.
Pérez-Calero, L.
Issue Date:2010
Citation:[Journal:] Investigaciones europeas de dirección de la empresa (IEDEE) [ISSN:] 1135-2523 [Volume:] 16 [Year:] 2010 [Issue:] 3 [Pages:] 107-126
Abstract:The study of the effectiveness of boards of directors is a tremendously interesting area of investigation, heightened by the many financial scandals of the recent past. Research efforts have suffered from several deficiencies like the inconsistency of many of the results achieved (Daily, Dalton and Cannella, 2003; Dalton, Daily, Ellstrand and Johnson, 1998; Johnson et al., 1996). It emphasises the need to go further with this research subject. Within this framework, our paper examines board effectiveness through board members' level of knowledge and experience and board structure. We understand that both dimensions: board composition and structure are not enough to board effectiveness but determine the potential to get a strategic capability. Our results show how board size, length of tenure of directors and board members' experience in senior management positions, have effects on firm financial performance.
Subjects:corporate governance
boards of directors
effectiveness
financial performance
JEL:M10
M11
Document Type:Article
Appears in Collections:Investigaciones Europeas de Dirección y Economía de la Empresa (IEDEE)

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