Board effectiveness, conglomerate diversification, and firm performance: the tunisian case

Walid Mensi

Economics Bulletin, 2012, vol. 32, issue 1, A2

Abstract: In this paper we explore the link between board structure and firm performance for twenty-eight non-banking companies listed on Tunis Stock Exchange over the period 1997-2003. Our empirical results corroborate previous studies making in Tunisia. Furthermore, conglomerate diversification destroys the effectiveness of governance board and therefore negatively associated to the corporate performance.

JEL-codes: G3 (search for similar items in EconPapers)
Date: 2012-01-13
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