Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Ownership Structure, Board Composition and Investment Performance
Jönköping University, Jönköping International Business School, JIBS, Economics. (RATIO)
Jönköping University, Jönköping International Business School, JIBS, Economics.
Jönköping University, Jönköping International Business School, JIBS, Economics. (CESIS)
2009 (English)Report (Other (popular science, discussion, etc.))
Abstract [en]

In this paper the relation between ownership structure, board composition and firm performance is explored. A panel of Swedish listed firms is used to investigate how board composition affects firm performance. Board heterogeneity is measured as board size, age and gender diversity. The results show that Swedish board of directors have become more diversified in terms of gender. Also, fewer firms have the CEO on the board which can be interpreted as a sign of increased independency. The regression analysis shows that gender diversity has a small but negative effect on investment performance, and the same holds for CEO being on the board. The analysis also show that board size has a significant negative effect on investment performance. When incorporating all the explanatory variables into one equation however, the negative effect of larger boards dilutes the effect of gender diversity and having the CEO on the board.

Place, publisher, year, edition, pages
Stockholm: Royal Institute of Technology, CESIS , 2009. , p. 28
Series
Working Paper Series in Economics and Institutions of Innovation, CESIS ; 172
Identifiers
URN: urn:nbn:se:hj:diva-11483OAI: oai:DiVA.org:hj-11483DiVA, id: diva2:289651
Available from: 2010-01-25 Created: 2010-01-25 Last updated: 2010-03-17Bibliographically approved

Open Access in DiVA

No full text in DiVA

Authority records BETA

Eklund, JohanPalmberg, JohannaWiberg, Daniel

Search in DiVA

By author/editor
Eklund, JohanPalmberg, JohannaWiberg, Daniel
By organisation
JIBS, Economics

Search outside of DiVA

GoogleGoogle Scholar

urn-nbn

Altmetric score

urn-nbn
Total: 320 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf