Board activity and firm performance: evidence from Malaysia

Yee Peng Chow

International Journal of Management and Decision Making, 2024, vol. 23, issue 5, 624-646

Abstract: This paper examines the relationship between the frequency of board meetings as a measure of board activity and firm performance based on a sample of the top 100 Malaysian listed firms over the period 2013-2017. This study also performs sub-sample analyses to determine whether this relationship is conditional on certain internal factors such as firm size, founder status of the CEOs and chairs and board size. The results demonstrate that more frequent board meetings exert a negative effect on firm performance. Furthermore, the sub-sample analyses reveal that the adverse impact of board meetings on firm performance is particularly significant for both large and small firms, firms led by non-founder CEOs and/or chairs and firms with large and small board sizes. Interestingly, this study also finds that the performance of firms led by founder CEOs tends to improve with more frequent board meetings.

Keywords: board activity; board meetings; board size; firm performance; firm size; founder; Malaysia. (search for similar items in EconPapers)
Date: 2024
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