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The relationship between board characteristics and firm performance of Sri Lankan listed companies

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dc.contributor.author Nazar, M.C.A
dc.date.accessioned 2016-03-18T07:38:06Z
dc.date.available 2016-03-18T07:38:06Z
dc.date.issued 2014-08-02
dc.identifier.isbn 978-955-627-053-2
dc.identifier.uri http://ir.lib.seu.ac.lk/handle/123456789/1471
dc.description.abstract Many studies carried out to investigate the link between board characteristics and firm performance in developed countries. The empirical evidence on this area is very thin in Sri Lanka being a developing country. Hence this study was undertaken with the intension of fulfilling the gap. The study examines the impact of board characteristics on firm performance of Sri Lankan listed companies. This study employs a cross sectional analysis of 116 firms as sample of listed companies in Colombo Stock Exchange for the financial year ending 2013 and multivariate analyses are used to test the proposed hypotheses. The board characteristics variables being the independent variables and firm performance variable being the dependent variable are tested under regression model. The results of the study show that board size and CEO duality are significantly negatively associated with ROA. The study also documents that board independence is negatively related with ROA and director ownership is positively related with ROA but both are not significant. Furthermore, control variables of firm size and dividend yield are significantly positively linked with ROA and leverage is negatively related with ROA though not significant. The findings of the study indicate mixed results which are in consistent with empirical evidence of developed nation. en_US
dc.language.iso en_US en_US
dc.publisher South Eastern University of Sri Lanka, University Park, Oluvil #32360, Sri Lanka en_US
dc.subject Corporate governance en_US
dc.subject Board of directors en_US
dc.subject Board characteristics en_US
dc.subject Firm performance en_US
dc.subject ROA en_US
dc.title The relationship between board characteristics and firm performance of Sri Lankan listed companies en_US
dc.type Article en_US


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