Control and collaboration in Philippine conglomerates: an empirical study on the effects of board structural characteristics on firm performance

Regina M. Lizares

Asia Pacific Business Review, 2020, vol. 26, issue 4, 375-395

Abstract: This study investigates the board structure – firm performance relationships of Philippine conglomerates. Agency and stewardship theories are used to specify panel regression models. Accounting and market firm performance measures are used to analyse the relationships. Results show significant: (1) positive associations between the separation of the CEO and Chairman roles; and (2) negative association between a higher proportion of outside, independent directors, and firm performance. This study highlights the opportunity to expand and nuance governance research in emerging markets.

Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/13602381.2019.1670979 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:apbizr:v:26:y:2020:i:4:p:375-395

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/FAPB20

DOI: 10.1080/13602381.2019.1670979

Access Statistics for this article

Asia Pacific Business Review is currently edited by Professor Chris Rowley and Malcolm Warner

More articles in Asia Pacific Business Review from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().