The Indirect Impact of the Board of Directors' Composition on the Firm's Performance: An International Comparison
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Keywords

Internal administrator, dual structure, R&D, performance

How to Cite

Ghazi, Z. ., & Rim, Z.-H. . (2014). The Indirect Impact of the Board of Directors’ Composition on the Firm’s Performance: An International Comparison. Asian Journal of Empirical Research, 4(10), 468–487. Retrieved from https://archive.aessweb.com/index.php/5004/article/view/3815

Abstract

As part of corporate governance theory, this article studies the relationship between the board of directors and the firm's performance from the angle of the R&D investment level in the international context. Our model seeks to show if the R&D investment level acts as a mediating variable between the internal mechanism of corporate governance and performance. This effect is sensitive to the national systems of governance. This empirical study is based on a sample of 174 U.S. and 179 Japanese firms for the period 2008-2012. The results of the linear regressions conducted showing the relationship between, on the one hand, the internal administrator and the non-dual structure, and on the other hand, the firm's performance, meditated by the firm's R&D investment-level.

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