Board Size, Board Composition, and Firm Performance : Empirical Evidence from Germany

We analyze the effects of supervisory board size and composition on the valuation and performance of all German firms listed in the DAX, MDAX and SDAX over the period 1998-2007 (n=294 companies with 2,382 firm-year-observations). Controlling for a large number of other (potential) determinants of firm performance we estimate the joint as well as the separate influence of board size, union representatives, works council representatives, independent worker representatives, bank representatives and former managing board members on firm performance. Contrary to most available studies we are unable to find a consistent effect of either board size or board composition on firm valuation and performance

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Year of publication:	2010
Authors:	Bermig, Andreas
Other Persons:	Frick, Bernd (contributor)
Publisher:	[2010]: [S.l.] : SSRN
Subject:	Deutschland \| Germany \| Unternehmenserfolg \| Firm performance \| Vorstand \| Executive board \| Corporate Governance \| Corporate governance \| Board of Directors \| Board of directors

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Extent:	1 Online-Ressource (43 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 10, 2010 erstellt
Other identifiers:	10.2139/ssrn.1623103 [DOI]
Classification:	G38 - Government Policy and Regulation ; L25 - Firm Size and Performance ; J53 - Labor-Management Relations; Industrial Jurisprudence
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013142374