Open Access

Board of Directors’ Size and Firm Performance: Evidence from Non-Financial French Firms Listed on CAC 40


Cite

Adigüzel, H. (2013). Corporate Governance, Family Ownership and Earnings Management: Emerging Market Evidence. Accounting and Finance Research, 2(4), 17-33. https://dx.doi.org/10.543Q/afr.v2n4p1710.5430/afr.v2n4p17Search in Google Scholar

Ahmadi, A., & Bouri, A. (2017). Board of directors’ composition and performance in French CAC 40 listed firms. Accounting, 3(4), 245-256. https://dx.doi.Org/10.5267/i.ac.2017.1.00110.5267/j.ac.2017.1.001Search in Google Scholar

Al-Daoud, K. I., Saidin, S. Z., & Abidin, S. (2016). Board meeting and firm performance: Evidence from the Amman stock exchange. Corporate Board: Role, Duties & Composition, 12(2), 6-11. http://dx.doi.org/10.22495/cbv12i2art110.22495/cbv12i2art1Search in Google Scholar

Andreou, P. C., Luca, C., & Panayides, P. M. (2014). Corporate governance, financial management decisions and firm performance: Evidence from the maritime industry. Transportation Research Part E: Logistics and Transportation Review, 63, 59-78. http://dx.doi.org/10.1016/i.tre.2014.01.00510.1016/j.tre.2014.01.005Search in Google Scholar

Awan, A. W., & Jamali, J. A. (2016). Impact of Corporate Governance on Financial Performance: Karachi Stock Exchange, Pakistan. Business and Economic Research, 6(2), 401-411. http://dx.doi.org/10.5296/ber.v6i2.977210.5296/ber.v6i2.9772Search in Google Scholar

Bathala, C. T., & Rao, R. P. (1995). The Determinants of Board Composition: An Agency Theory Perspective. Managerial and Decision Economics, 16(1), 59-69. Retrieved from http://www.istor.org/stable/248789710.1002/mde.4090160108Search in Google Scholar

Carter, D. A., Simkins, B. J., & Simpson, W. G. (2003). Corporate Governance, Board Diversity, and Firm Value. The Financial Review, 38(1), 33-53. https://dx.doi.org/10.1111/1540-6288.0003410.1111/1540-6288.00034Search in Google Scholar

Chang, C. S., Yu, S. W., & Hung, C. H. (2015). Firm risk and performance: the role of corporate governance. Review of Managerial Science, 9(1), 141-173. https://dx.doi.org/10.1007/s11846-014-0132-x10.1007/s11846-014-0132-xSearch in Google Scholar

Christensen, J., Kent, P., & Stewart, J. (2010). Corporate Governance and Company Performance in Australia. Australian Accounting Review, 20(4), 372-386. https://dx.doi.org/10.1111/j.1835-2561.2010.00108.x10.1111/j.1835-2561.2010.00108.xSearch in Google Scholar

Dechow, P. M. (1994). Accounting earnings and cash flows as measures of firm performance: The role of accounting accruals. Journal of Accounting and Economics, 18(1), 3-42. https://dx.doi.org/10.1016/0165-4101(94)90016-710.1016/0165-4101(94)90016-7Search in Google Scholar

Dey, A. (2008). Corporate Governance and Agency Conflicts. Journal of Accounting Research, 46(5), 1143-1181. https://dx.doi.org/10.1111/j.1475-679X.2008.00301.x10.1111/j.1475-679X.2008.00301.xSearch in Google Scholar

Doğan, M., Leyli Elitaş, B., Ağca, V., & Ogel, S. (2013). The Impact of CEO Duality on Firm Performance: Evidence From Turkey. International Journal of Business and Social Science, 4(2), 149-155.Search in Google Scholar

Erhardt, N. L., Werbel, J. D., & Shrader, C. B. (2003). Board of Director Diversity and Firm Financial Performance. Corporate Governance: An International Review, 11(2), 102-111. https://dx.doi.org/10.1111/1467-8683.0001110.1111/1467-8683.00011Search in Google Scholar

Florackis, C. (2008). Agency costs and corporate governance mechanisms: evidence for UK firms. International Journal of Managerial Finance, 4(1), 37-59. https://dx.doi.org/10.1108/1743913081083737510.1108/17439130810837375Search in Google Scholar

Goh, B. W., Lee, J., Ng, J., & Yong, K. O. (2016). The Effect of Board Independence on Information Asymmetry. European Accounting Review, 25(1), 155-182. https://dx.doi.org/10.1080/09638180.2014.99047710.1080/09638180.2014.990477Search in Google Scholar

Gómez, J. I. M., Cortés, D. L., & Betancourt, G. G. (2017). Effect of the Board of Directors on Firm Performance. International Journal of Economic Research, 14(6), 349-361.Search in Google Scholar

Guillet, B. D., Seo, K., Kucukusta, D., & Lee, S. (2013). CEO duality and firm performance in the U.S. restaurant industry: Moderating role of restaurant type. International Journal of Hospitality Management, 33, 339-346. https://dx.doi.org/10.1016/j.ijhm.2012.10.00410.1016/j.ijhm.2012.10.004Search in Google Scholar

Gujarati, D. N., & Porter, D. C. (2008). Basic Econometrics. 5th ed. New York, USA: McGraw Hill/lrwin.Search in Google Scholar

Han, S. H., I., Kim, M., Lee, D. H., & Lee, S. (2014). Information Asymmetry, Corporate Governance, and Shareholder Wealth: Evidence from Unfaithful Disclosures of Korean Listed Firms. Asia- Pacific Journal of Financial Studies, 43(5), 690-720. https://dx.doi.org/10.1111/ajfs.1206410.1111/ajfs.12064Search in Google Scholar

Hassan, M. K., & Halbouni, S. S. (2013). Corporate governance, economic turbulence and financial performance of UAE listed firms. Studies in Economics and Finance, 30(2), 118-138. https://dx.doi.org/10.1108/1086737131132543510.1108/10867371311325435Search in Google Scholar

Holm, C., & Schøler, F. (2010). Reduction of Asymmetric Information Through Corporate Governance Mechanisms - The Importance of Ownership Dispersion and Exposure toward the International Capital Market. Corporate Governance: An International Review, 18(1), 32-47. https://dx.doi.org/10.1111/j.1467-8683.2009.00777.x10.1111/j.1467-8683.2009.00777.xSearch in Google Scholar

Ibrahim, H., & Abdul Samad, F. M. (2011). Corporate Governance and Agency Costs. International Corporate Governance (Advances in Financial Economics), 14, 109-130.10.1108/S1569-3732(2011)0000014008Search in Google Scholar

Ingley, C. B., & Van der Walt, N. T. (2004). Corporate Governance, Institutional Investors and Conflicts of Interest. Corporate Governance: An International Review, 12(4), 534-551. https://dx.doi.org/10.1111/j.1467-8683.2004.00392.x10.1111/j.1467-8683.2004.00392.xSearch in Google Scholar

Jackling, B., & Johl, S. (2009). Board Structure and Firm Performance: Evidence from India’s Top Companies. Corporate Governance: An International Review, 17(4), 492-509. https://dx.doi.org/10.1111/j.1467-8683.2009.00760.x10.1111/j.1467-8683.2009.00760.xSearch in Google Scholar

Jensen, M. C. (1993). The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems. The Journal of Finance, 48(3), 831-880. http://dx.doi.org/10.1111/j.540-6261.1993.tb04022.x10.1111/j.1540-6261.1993.tb04022.xSearch in Google Scholar

John, K., Litov, L., & Yeung, B. (2008). Corporate Governance and Risk-Taking. The Journal of Finance, 63(4), 1679-1728. Retrieved from https://www.istor.org/stable/2509448710.1111/j.1540-6261.2008.01372.xSearch in Google Scholar

Jouini, F. (2013). Corporate Governance and the Level of Financial Disclosure by Tunisian Firm. Journal of Business Studies Quarterly, 4(3), 95-111.Search in Google Scholar

Julizaerma, M. K., & Sori, Z. M. (2012). Gender Diversity in the Boardroom and Firm Performance of Malaysian Public Listed Companies. Procedia - Social and Behavioral Sciences, 65(3), 1077-1085. https://dx.doi.org/10.1016/j.sbspro.2012.11.37410.1016/j.sbspro.2012.11.374Search in Google Scholar

Jyoti, P. (2017). Board Activity and Firm Performance. Indian Journal of Corporate Governance, 10(1), 44-57. https://dx.doi.org/10.1177/097468621769930410.1177/0974686217699304Search in Google Scholar

Kamarudin, K. A., Wan Ismail, W. A., & Samsuddin, M. E. (2012). the Influence of CEO Duality on the Relationship between Audit Committee Independence and Earnings Quality. Social and Behavioral Sciences, 65, 919-924. https://dx.doi.org/10.1016/j.sbspro.2012.11.22010.1016/j.sbspro.2012.11.220Search in Google Scholar

Kanagaretnam, K., Lobo, G. J., & Whalen, D. J. (2007). Does good corporate governance reduce information asymmetry around quarterly earnings announcements?. Journal of Accounting and Public Policy, 26(4), 497-522. https://dx.doi.org/10.1016/j.jaccpubpol.2007.05.00310.1016/j.jaccpubpol.2007.05.003Search in Google Scholar

Khan, A., Tanveer, S., & Malik, U. (2017). An empirical analysis of corporate governance and firm value: Evidence from KSE-100 Index. Accounting, 3(2), 119-130. https://dx.doi.org/10.5267/j.ac.2016.7.00310.5267/j.ac.2016.7.003Search in Google Scholar

Krishnan, H. A., & Park, D. (2005). A few good women—on top management teams. Journal of Business Research, 58(12), 1712-1720. https://dx.doi.org/10.1016/j.ibusres.2004.09.00310.1016/j.jbusres.2004.09.003Search in Google Scholar

Lam, T. Y., & Lee, S K. (2008). CEO duality and firm performance: evidence from Hong Kong. Corporate Governance: The international journal of business in society, 8(3), 299-316. http://dx.doi.org/10.1108/1472070081087918710.1108/14720700810879187Search in Google Scholar

Lipton, M., & Lorsch, J. W. (1992). A Modest Proposal for Improved Corporate Governance. The Business Lawyer, 48(1), 59-77.Search in Google Scholar

Liu, Q., & Lu, Z. (2007). Corporate governance and earnings management in the Chinese listed companies: A tunneling perspective. Journal of Corporate Finance, 13(5). 881-906. https://dx.doi.org/10.1016/j.jcorpfin.2007.07.00310.1016/j.jcorpfin.2007.07.003Search in Google Scholar

Lopatta, K., Buchholz, F., & Kaspereit, T. (2016). Asymmetric Information and Corporate Social Responsibility. Business & Society, 55(3), 458-488. https://dx.doi.org/10.1177/000765031557548810.1177/0007650315575488Search in Google Scholar

Machuga, S., & Teitel, K. (2007). The effects of the Mexican Corporate Governance Code on Quality of Earnings and its Components. Journal of international Accounting Research, 6(1), 37-55. https://dx.doi.org/10.2308/jiar.2007.6.1.3710.2308/jiar.2007.6.1.37Search in Google Scholar

Makhlouf, M. H., Laili, N. H., Aii Basah, M. Y., & Ramli, N. A. (2017). Board of Directors’ Effectiveness and Firm Performance: Evidence from Jordan. Research Journal of Finance and Accounting, 8(18), 23-34.Search in Google Scholar

Manafi, R., Mahmoudian, A., & Zabihi, A. (2015). Study of the Relationship between Corporate Governance and Financial Performance of the Companies Listed in Tehran Stock Exchange Market. Mediterranean Journal of Social Sciences, 6(5), 56-61. https://dx.doi.org/10.5901/mjss.2015.v6n5p5610.5901/mjss.2015.v6n5p56Search in Google Scholar

Mashayekhi, B., & Bazaz, M. S. (2008). Corporate Governance and Firm Performance in Iran. Journal of Contemporary Accounting & Economics, 4(2), 156-172. https://dx.doi.org/10.1016/S1815-5669(10)70033-310.1016/S1815-5669(10)70033-3Search in Google Scholar

Mashayekhi, B., & Bazaz, M. S. (2010). The Effects of Corporate Governance on Earnings Quality: Evidence from Iran. Asian Journal of Business and Accounting, 3(2), 71-100. Retrieved from https://ajba.um.edu.my/index.php/AJBA/article/view/2618Search in Google Scholar

Mathew, S., Ibrahim, S., & Archbold, S. (2018). Corporate governance and firm risk. Corporate Governance: The international journal of business in society, 18(1), 52-67. https://dx.doi.org/10.1108/CG-02-2017-002410.1108/CG-02-2017-0024Search in Google Scholar

Petra, S. T. (2007). The effects of corporate governance on the informativeness of earnings. Economics of Governance, 8(2), 129-152. https://dx.doi.org/10.1007/s10101-006-0018-810.1007/s10101-006-0018-8Search in Google Scholar

Rechner, P L., & Dalton, D. R. (1991). CEO duality and organizational performance: A longitudinal analysis. Strategic Management Journal, 12(2), 155-160. https://dx.doi.org/10.1002/smj.425012020610.1002/smj.4250120206Search in Google Scholar

Rizwan, M., Asrar, H., Siddiqui, N. A., & Usmani, W. U. (2016). The Impact of Corporate Governance on Financial Performance: An Empirical Investigation. International Journal of Management Sciences and Business Research, 5(9), 11-27.Search in Google Scholar

Ronen, J., & Yaari, V. (2008). Earnings Management: Emerging Insights in Theory, Practice, and Research. New York, USA: Springer.Search in Google Scholar

Rutledge, R. W., Karim, K. E., & Lu, S. (2016). The Effects of Board Independence and CEO Duality on Firm Performance: Evidence from the NASDAQ-100 Index with Controls for Endogeneity. Journal of Applied Business and Economics, 18(2), 49-71.Search in Google Scholar

Sanda, A. U., Mikailu, A. S., & Garba, T. (2010). Corporate governance mechanisms and firms’ financial performance in Nigeria. Afro-Asian J. Finance and Accounting, 2(1), 22-39. https://dx.doi.org/10.1504/AAJFA.2010.03519310.1504/AAJFA.2010.035193Search in Google Scholar

Shan, Y. G., & Mclver, R. P. (2011). Corporate governance mechanisms and financial performance in China: panel data evidence on listed non financial companies. Asia Pacific Bus. Rev, 17(3), 301-324. https://dx.doi.org/10.1080/1360238090352232510.1080/13602380903522325Search in Google Scholar

Tudway, R., & Pascal, A. M. (2006). Corporate governance, shareholder value and societal expectations. Corporate Governance: The international journal of business in society, 6(3), 305-316. https://dx.doi.org/10.1108/1472070061067190910.1108/14720700610671909Search in Google Scholar

Vafeas, N. (1999). Board meeting frequency and firm performance. Journal of Financial Economics, 53(1), 113-142. https://dx.doi.org/10.1016/S0304-405X(99)00018-510.1016/S0304-405X(99)00018-5Search in Google Scholar

Villanueva-Villar, M., Rivo-Lópezb, E., & Lago-Peñas, S. (2016). On the relationship between corporate governance and value creation in an economic crisis: Empirical evidence for the Spanish case. Business Research Quarterly, 19(4), 233-245. http://dx.doi.org/10.1016/j.brg.2016.06.00210.1016/j.brq.2016.06.002Search in Google Scholar

Yermack, D. (1996). Higher market valuation of companies with a small board of directors. Journal of Financial Economics, 40(2), 185-211. https://dx.doi.org/10.1016/0304-405X(95)00844-510.1016/0304-405X(95)00844-5Search in Google Scholar

Zhao, R. (2003). Corporate governance and firm performance: Some evidence from Chinese listed companies. Asia-Pacific Journal of Accounting & Economics, 10(2), 187-201. http://dx.doi.org/10.1080/16081625.2003.1051062510.1080/16081625.2003.10510625Search in Google Scholar