Ownership structure, board composition and investment performance
Open Access
- 1 January 2009
- journal article
- Published by Virtus Interpress in Corporate Ownership and Control
- Vol. 7 (1), 120-130
- https://doi.org/10.22495/cocv7i1p11
Abstract
This paper explores the relation between ownership structure, board composition and firm performance among Swedish listed firms. The descriptive statistics show that Swedish board of directors has become more diversified in terms of gender. The analysis shows that board size has a significant negative effect on investment performance. Gender diversity has a small but negative effect on investment performance, and the same holds for CEO being on the board. When incorporating all the explanatory variables into the same equation the negative effect of larger boards dilutes the effect of gender diversity and having the CEO on the board.Keywords
Other Versions
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