EN
Board Structure and Firm Performance: Evidence from French Firms Listed in SBF 120
Abstract
Using a sample of 40 French companies listed on the SBF 120 for the period 2002-2009, we examine if board structure (board size, independence of its members and the cumulative functions of decision and control) relate to their performance. To test the validity of our hypothesis, which states the existence of a certain deterministic between the board structure and financial performance measured by four different ratios, namely ROA, ROE, Tobin's Q and Market to Book, we have developed four dynamic panel system GMM approach to control for relevant sources of endogeneity (simultaneity, reverse causality and unobserved heterogeneity). Our results support the idea, commonly accepted, that board structure is a determinant factor for French firm performance.
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
September 1, 2014
Submission Date
September 1, 2014
Acceptance Date
-
Published in Issue
Year 2014 Volume: 4 Number: 3
APA
Ammarı, A., Kadrıa, M., & Ellouze, A. (2014). Board Structure and Firm Performance: Evidence from French Firms Listed in SBF 120. International Journal of Economics and Financial Issues, 4(3), 580-590. https://izlik.org/JA26AH73US
AMA
1.Ammarı A, Kadrıa M, Ellouze A. Board Structure and Firm Performance: Evidence from French Firms Listed in SBF 120. IJEFI. 2014;4(3):580-590. https://izlik.org/JA26AH73US
Chicago
Ammarı, Aymen, Mohamed Kadrıa, and Abderrazak Ellouze. 2014. “Board Structure and Firm Performance: Evidence from French Firms Listed in SBF 120”. International Journal of Economics and Financial Issues 4 (3): 580-90. https://izlik.org/JA26AH73US.
EndNote
Ammarı A, Kadrıa M, Ellouze A (September 1, 2014) Board Structure and Firm Performance: Evidence from French Firms Listed in SBF 120. International Journal of Economics and Financial Issues 4 3 580–590.
IEEE
[1]A. Ammarı, M. Kadrıa, and A. Ellouze, “Board Structure and Firm Performance: Evidence from French Firms Listed in SBF 120”, IJEFI, vol. 4, no. 3, pp. 580–590, Sept. 2014, [Online]. Available: https://izlik.org/JA26AH73US
ISNAD
Ammarı, Aymen - Kadrıa, Mohamed - Ellouze, Abderrazak. “Board Structure and Firm Performance: Evidence from French Firms Listed in SBF 120”. International Journal of Economics and Financial Issues 4/3 (September 1, 2014): 580-590. https://izlik.org/JA26AH73US.
JAMA
1.Ammarı A, Kadrıa M, Ellouze A. Board Structure and Firm Performance: Evidence from French Firms Listed in SBF 120. IJEFI. 2014;4:580–590.
MLA
Ammarı, Aymen, et al. “Board Structure and Firm Performance: Evidence from French Firms Listed in SBF 120”. International Journal of Economics and Financial Issues, vol. 4, no. 3, Sept. 2014, pp. 580-9, https://izlik.org/JA26AH73US.
Vancouver
1.Aymen Ammarı, Mohamed Kadrıa, Abderrazak Ellouze. Board Structure and Firm Performance: Evidence from French Firms Listed in SBF 120. IJEFI [Internet]. 2014 Sep. 1;4(3):580-9. Available from: https://izlik.org/JA26AH73US