Number of Directors and Financial Performance: A Meta-Analysis

Although a host of theory-driven rationales suggest a relationship between board of directors size and firm performance, the literature provides no consensus about the direction of that relationship. A meta-analysis of 131 samples (N= 20, 620) provided systematic evidence of nonzero, positive, true...

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Veröffentlicht in:Academy of Management journal 1999-12, Vol.42 (6), p.674-686
Hauptverfasser: Dalton, Dan R, Daily, Catherine M, Johnson, Jonathan L, Ellstrand, Alan E
Format: Artikel
Sprache:eng
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Zusammenfassung:Although a host of theory-driven rationales suggest a relationship between board of directors size and firm performance, the literature provides no consensus about the direction of that relationship. A meta-analysis of 131 samples (N= 20, 620) provided systematic evidence of nonzero, positive, true population estimates of board size-performance relationships.
ISSN:0001-4273
0000-1427
1948-0989
DOI:10.5465/256988