Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/218622 
Year of Publication: 
2016
Citation: 
[Journal:] South African Journal of Business Management [ISSN:] 2078-5976 [Volume:] 47 [Issue:] 4 [Publisher:] African Online Scientific Information Systems (AOSIS) [Place:] Cape Town [Year:] 2016 [Pages:] 47-58
Publisher: 
African Online Scientific Information Systems (AOSIS), Cape Town
Abstract: 
This paper seeks to provide a better understanding of what makes boards effective. We analyse the relationships between board demography and company performance and between working structures and board tasks in small and medium-sized enterprises (SMEs). We test our hypotheses on a sample of 307 Spanish SMEs. The main empirical result is the negative impact that the proportion of outside directors and the board size have on firm performance. We also find a negative impact of outsiders' presence and a positive impact of director tenure on the board's service role. Our analysis of the role of board control highlights the negative relationship between this variable and CEO tenure.
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article

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