Board Size, Non-Executive Board Members and Financial Performance in Non-Usury Banks in Iran

GholamReza Karami (), Tahere Karimiyan () and Mohammad Sadegh Ghaznavi ()
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GholamReza Karami: Associate Professor of Accounting, Faculty of Management, University of Tehran, Iran.
Tahere Karimiyan: Faculty of Management, University of Tehran, Iran.
Mohammad Sadegh Ghaznavi: Faculty of Management, University of Tehran, Iran.

International Journal of Business and Social Research, 2016, vol. 6, issue 6, 49-58

Abstract: Prior studies investigating the relation between the financial performance and corporate governance mechanisms for firms in Tehran Stock Exchange mainly exclude banks due to their different types of rules and structure. We study the relation between corporate governance structure and financial performance of the banks under the non-usury banking act. We study various corporate governance factors including board size and the number of non-executive board members using a sample of 21 banks for 2010 to 2012. Result show a significant positive correlation among board size and financial performance. However, non-executive board members do not correlate with financial performance.

Keywords: Board size; financial performance; non-executive board members; non-usury banking. (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:mir:mirbus:v:6:y:2016:i:6:p:49-58

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