메뉴 건너뛰기




Volumn 17, Issue 3, 2005, Pages 161-172

Corporate governance and performance of Indian firms: The effect of board size and ownership

Author keywords

Board size; Corporate governance; Firm performance; Ownership structure

Indexed keywords


EID: 25144431842     PISSN: 08927545     EISSN: None     Source Type: Journal    
DOI: 10.1007/s10672-005-6939-5     Document Type: Review
Times cited : (136)

References (31)
  • 1
    • 25144504764 scopus 로고    scopus 로고
    • Advertising intensity and R&D intensity: Differences across industries and their impact on firms's performance
    • Andras, T. L., & Srinivasan, S. S. (2003). Advertising intensity and R&D intensity: Differences across industries and their impact on firms's performance. International Journal of Business and Economics, 2 (2), 167-176.
    • (2003) International Journal of Business and Economics , vol.2 , Issue.2 , pp. 167-176
    • Andras, T.L.1    Srinivasan, S.S.2
  • 2
    • 25144473935 scopus 로고    scopus 로고
    • Towards excellence in board performance
    • January-March
    • Balasubramanian, N. (1997). Towards excellence in board performance. Management Review, January-March, 67-84.
    • (1997) Management Review , pp. 67-84
    • Balasubramanian, N.1
  • 3
    • 0001395339 scopus 로고    scopus 로고
    • The managerial rents model: Theory and empirical analysis
    • 10.1016/S0149-2063(01)00117-9
    • Castanias, R. P., & Helfat, C. E. (2001). The managerial rents model: Theory and empirical analysis. Journal of Management, 27, 661-678. 10.1016/S0149-2063(01)00117-9
    • (2001) Journal of Management , vol.27 , pp. 661-678
    • Castanias, R.P.1    Helfat, C.E.2
  • 4
    • 0038717214 scopus 로고    scopus 로고
    • An examination of the relationship of governance mechanisms to performance
    • 10.1016/S0149-2063(00)00085-4
    • Coles, J. W., McWilliams, V. B., & Sen, N. (2001). An examination of the relationship of governance mechanisms to performance. Journal of Management, 27, 23-50. 10.1016/S0149-2063(00)00085-4
    • (2001) Journal of Management , vol.27 , pp. 23-50
    • Coles J., W.1    McWilliams V., B.2    Sen, N.3
  • 6
    • 0002230618 scopus 로고    scopus 로고
    • Larger board size and decreasing firm value in small firms
    • 10.1016/S0304-405X(98)00003-8
    • Eisenberg, T., Sundgren, S., & Wells, M. T. (1998). Larger board size and decreasing firm value in small firms. Journal of Financial Economics, 48, 35-54. 10.1016/S0304-405X(98)00003-8
    • (1998) Journal of Financial Economics , vol.48 , pp. 35-54
    • Eisenberg, T.1    Sundgren, S.2    Wells, M.T.3
  • 7
    • 0000589270 scopus 로고
    • Agency problems and residual claims
    • 10.1086/467038
    • Fama, E. F., & Jensen, M. C. (1983). Agency problems and residual claims. Journal of Law and Economics, 27, 327-349. 10.1086/467038
    • (1983) Journal of Law and Economics , vol.27 , pp. 327-349
    • Fama, E.F.1    Jensen, M.C.2
  • 8
    • 0001240280 scopus 로고    scopus 로고
    • Management and ownership effects: Evidence from five countries
    • 10.1002/(SICI)1097-0266(199806)19:6<533::AID-SMJ957>3.0.CO;2-#
    • Gedajlovic, E. R., & Shapiro, D. M. (1998). Management and ownership effects: Evidence from five countries. Strategic Management Journal, 19 (6), 533-553. 10.1002/ (SICI)1097-0266(199806)19:6<533::AID-SMJ957>3.0.CO;2-#
    • (1998) Strategic Management Journal , vol.19 , Issue.6 , pp. 533-553
    • Gedajlovic, E.R.1    Shapiro, D.M.2
  • 9
    • 0037519426 scopus 로고    scopus 로고
    • When will boards influence strategy? Inclination x Power = Strategic change
    • 10.1002/smj.202
    • Goilden, B. R., & Zajac, E. J. (2001). When will boards influence strategy? Inclination x Power = Strategic change. Strategic Management Journal, 22, 1087-1117. 10.1002/smj.202
    • (2001) Strategic Management Journal , vol.22 , pp. 1087-1117
    • Goilden, B.R.1    Zajac, E.J.2
  • 10
    • 84989059993 scopus 로고
    • The effects of board size and diversity on strategic change
    • Goodstein, J., Gautam, K., & Boeker, W. (1994). The effects of board size and diversity on strategic change. Strategic Management Journal, 15, 241-250.
    • (1994) Strategic Management Journal , vol.15 , pp. 241-250
    • Goodstein, J.1    Gautam, K.2    Boeker, W.3
  • 11
    • 84860984130 scopus 로고    scopus 로고
    • The Tide Rises, Gradually-Corporate Governance in India
    • Presented at the Informal Workshop held on 3-4 April 2000 at OECD Headquarters, Paris on behalf of Confederation of Indian Industry, New Delhi
    • Goswami, O. (2000). The Tide Rises, Gradually-Corporate Governance in India, Presented at the Informal Workshop held on 3-4 April 2000 at OECD Headquarters, Paris on behalf of Confederation of Indian Industry, New Delhi.
    • (2000)
    • Goswami, O.1
  • 12
    • 0001387430 scopus 로고
    • The effects of board composition and direct incentives on firm performance
    • Hermalin, B. E., & Weisbach, M. S. (1991). The effects of board composition and direct incentives on firm performance. Financial Management, 20 (4), 101-112.
    • (1991) Financial Management , vol.20 , Issue.4 , pp. 101-112
    • Hermalin, B.E.1    Weisbach, M.S.2
  • 13
    • 0003503228 scopus 로고    scopus 로고
    • Boards of Directors as an endogenously determined institution: A survey of economic literature
    • NBER Working Paper
    • Hermalin, B. E., & Weisbach, M. S. (2001). Boards of Directors as an endogenously determined institution: A survey of economic literature. NBER Working Paper, 8161.
    • (2001) , pp. 8161
    • Hermalin, B.E.1    Weisbach, M.S.2
  • 14
    • 84881700824 scopus 로고    scopus 로고
    • Understanding the determinants of managerial ownership and the link between ownership and performance
    • Himmelberg, C. P., Hubbard, G. R., & Palia, D. (1999). Understanding the determinants of managerial ownership and the link between ownership and performance. Journal of Financial Economics, 20, 317-346.
    • (1999) Journal of Financial Economics , vol.20 , pp. 317-346
    • Himmelberg, C.P.1    Hubbard, G.R.2    Palia, D.3
  • 15
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behavior, agency costs, and ownership structure
    • 10.1016/0304-405X(76)90026-X
    • Jensen, M. C., & Meckling, W. (1976). Theory of the firm: Managerial behavior, agency costs, and ownership structure. Journal of Financial Economics, 3, 305-360. 10.1016/0304-405X(76)90026-X
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-360
    • Jensen, M.C.1    Meckling, W.2
  • 16
    • 0000658442 scopus 로고
    • The relationship between offshore sourcing and innovativeness
    • 10.1057/palgrave.jibs.8490344
    • Kotabe, M. (1990). The relationship between offshore sourcing and innovativeness. Journal of International Business Studies, 21 (4), 623-639. 10.1057/palgrave.jibs.8490344
    • (1990) Journal of International Business Studies , vol.21 , Issue.4 , pp. 623-639
    • Kotabe, M.1
  • 17
    • 0006761611 scopus 로고    scopus 로고
    • Corporate ownership around the world
    • 10.1111/0022-1082.00115
    • La Porta, R., Florencio, L. S., Shleifer, A., & Vishny, R. W. (1999). Corporate ownership around the world. Journal of Finance, 54 (2), 471-517. 10.1111/0022-1082.00115
    • (1999) Journal of Finance , vol.54 , Issue.2 , pp. 471-517
    • La Porta, R.1    Florencio, L.S.2    Shleifer, A.3    Vishny, R.W.4
  • 18
    • 0011109624 scopus 로고    scopus 로고
    • Corporate Governance: Effects on Firm Performance and Economic Growth
    • OECD Working Paper. Paris: OECD
    • Maher, M., & Andersson, T. (1999). Corporate Governance: Effects on Firm Performance and Economic Growth. OECD Working Paper. Paris: OECD.
    • (1999)
    • Maher, M.1    Andersson, T.2
  • 19
    • 33645896609 scopus 로고
    • Management ownership and market valuation: An empirical analysis
    • 10.1016/0304-405X(88)90048-7
    • Morck, R., Shleifer, A., & Vishny, R. W. (1988). Management ownership and market valuation: An empirical analysis. Journal of Financial Economics, 20, 293-315. 10.1016/0304-405X(88)90048-7
    • (1988) Journal of Financial Economics , vol.20 , pp. 293-315
    • Morck, R.1    Shleifer, A.2    Vishny, R.W.3
  • 20
    • 85025226022 scopus 로고
    • Board composition from a strategic contingency perspective
    • Pearce, J. A., & Zahra, S. A. (1992). Board composition from a strategic contingency perspective. Journal of Management Studies, 29, 411-438.
    • (1992) Journal of Management Studies , vol.29 , pp. 411-438
    • Pearce, J.A.1    Zahra, S.A.2
  • 21
    • 25144511354 scopus 로고    scopus 로고
    • Intangible Investment, Tangible Results
    • Pearl, J. (2001). Intangible Investment, Tangible Results. Sloan Management Review, 43 (3), 13-14.
    • (2001) Sloan Management Review , vol.43 , Issue.3 , pp. 13-14
    • Pearl, J.1
  • 22
    • 0030374972 scopus 로고    scopus 로고
    • How much does industry matter? An alternative empirical test
    • 10.1002/(SICI)1097-0266(199604)17:4<323::AID-SMJ803>3.3.CO;2-X
    • Powell, T. C. (1996). How much does industry matter? An alternative empirical test. Strategic Management Journal, 17 (4), 323-334. 10.1002/ (SICI)1097-0266(199604)17:4<323::AID-SMJ803>3.3.CO;2-X
    • (1996) Strategic Management Journal , vol.17 , Issue.4 , pp. 323-334
    • Powell, T.C.1
  • 23
    • 0036534966 scopus 로고    scopus 로고
    • Variations in ownership behaviour and propensity to diversify: A study of the Indian corporate context
    • 10.1002/smj.227
    • Ramaswamy, K., Li, M., & Veliyath, R. (2002). Variations in ownership behaviour and propensity to diversify: A study of the Indian corporate context. Strategic Management Journal, 23, 345-358. 10.1002/ smj.227
    • (2002) Strategic Management Journal , vol.23 , pp. 345-358
    • Ramaswamy, K.1    Li, M.2    Veliyath, R.3
  • 24
    • 84989046113 scopus 로고
    • How much does industry matter?
    • Rumelt, R. (1991). How much does industry matter? Strategic Management Journal, 12 (3), 167-185.
    • (1991) Strategic Management Journal , vol.12 , Issue.3 , pp. 167-185
    • Rumelt, R.1
  • 26
    • 45549112378 scopus 로고
    • Managerial control of voting rights: Financing policies and the market for corporate control
    • 10.1016/0304-405X(88)90039-6
    • Stulz, R. M. (1988). Managerial control of voting rights: Financing policies and the market for corporate control, Journal of Financial Economics, 20, 25-54. 10.1016/0304-405X(88)90039-6
    • (1988) Journal of Financial Economics , vol.20 , pp. 25-54
    • Stulz, R.M.1
  • 27
    • 0000251280 scopus 로고    scopus 로고
    • Ownership structure and economic performance in the largest European companies
    • 10.1002/(SICI)1097-0266(200006)21:6<689::AID-SMJ115>3.0.CO;2-Y
    • Thomsen, S., & Pedersen, T. (2000). Ownership structure and economic performance in the largest European companies. Strategic Management Journal, 21, 689-705. 10.1002/ (SICI)1097-0266(200006)21:6<689::AID-SMJ115>3.0.CO;2-Y
    • (2000) Strategic Management Journal , vol.21 , pp. 689-705
    • Thomsen, S.1    Pedersen, T.2
  • 28
    • 0001155473 scopus 로고    scopus 로고
    • Board meeting frequency and firm performance
    • Vafeas, N. (1999). Board meeting frequency and firm performance. Journal of Financial Economics, 53, 113-142.
    • (1999) Journal of Financial Economics , vol.53 , pp. 113-142
    • Vafeas, N.1
  • 29
    • 25144524526 scopus 로고    scopus 로고
    • On the equilibrium relationship between board size and corporate performance
    • Proceedings of the EURAM 2nd Annual Conference, Stockholm
    • Van-Ees, H., & Postma, T. (2002). On the equilibrium relationship between board size and corporate performance. Proceedings of the EURAM 2nd Annual Conference, Stockholm.
    • (2002)
    • Van-Ees, H.1    Postma, T.2
  • 30
    • 0000837829 scopus 로고
    • On the efficiency of internal and external corporate control mechanisms
    • Walsh, J. P., & Seward, J. K. (1990). On the efficiency of internal and external corporate control mechanisms. Academy of Management Review, 15 (3), 421-453.
    • (1990) Academy of Management Review , vol.15 , Issue.3 , pp. 421-453
    • Walsh, J.P.1    Seward, J.K.2
  • 31
    • 0030078208 scopus 로고    scopus 로고
    • Higher market valuation of companies with smaller board of directors
    • 10.1016/0304-405X(95)00844-5
    • Yermack, D. (1996). Higher market valuation of companies with smaller board of directors. Journal of Financial Economics, 40, 185-211. 10.1016/ 0304-405X(95)00844-5
    • (1996) Journal of Financial Economics , vol.40 , pp. 185-211
    • Yermack, D.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.