Horváth, Roman; Spirollari, Persida - In: Prague Economic Papers 2013 (2013) 4, pp. 470-486
We examine the relationship of selected Board of Directors´ characteristics and firm´s financial performance. Using a sample of large U.S firms in 2005-2009, we find that the degree of insider ownership influences positively fi rm performance, because it reduces agency problems. The age of the...