We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Determinants of the Size and Composition of US Corporate Boards: 1935-2000.
- Authors
Lehn, Kenneth M.; Patro, Sukesh; Zhao, Mengxin
- Abstract
We examine the determinants of the size and composition of corporate boards for a sample of 82 US companies that survived during the period 1935-2000. Our hypotheses lead to predictions that firm size, growth opportunities, merger activity, and geographical expansion are important determinants of these board characteristics. We find empirical evidence that the four variables are significant determinants of the size and/or composition of boards. After controlling for these determinants of board characteristics, we find no robust relation between firm performance and either board size or composition.
- Subjects
UNITED States; BUSINESS size; BOARDS of directors; AMERICAN business enterprises; MERGERS &; acquisitions; CORPORATE directors; CORPORATE growth; EMPIRICAL research; FINANCIAL performance
- Publication
Financial Management (Wiley-Blackwell), 2009, Vol 38, Issue 4, p747
- ISSN
0046-3892
- Publication type
Article
- DOI
10.1111/j.1755-053X.2009.01055.x