Board of directors and firm performance : evidence from the Casablanca stock exchange

مقدم أطروحة جامعية

Rayyis, Sumayyah

مشرف أطروحة جامعية

Faruq, Umar

الجامعة

جامعة الأخوين

الكلية

كلية إدارة الأعمال

دولة الجامعة

المغرب

الدرجة العلمية

ماجستير

تاريخ الدرجة العلمية

2009

الملخص الإنجليزي

Abstract This paper reexamines the relationship between board of directors and firm performance in an emerging market.

Using a sample of firms Usted at the Casablanca Stock Exchange, we show that the firm performance (return on asset) is an increasing flmction of the board size and the percentage of foreigners in the board.

However, this relationship between firm performance and board of directors is not robust if we use some other measures of firm performance, for example return on equity and excess return.

Lower predictability of firm performance by board of directors may be due to inefficient nature of board of directors in Morocco.

One of the reasons of inefficient boards is that most of the firms in our sample have concentrated ownership structure, where controlling shareholder can appoint more than half of the board.

التخصصات الرئيسية

إدارة الأعمال

عدد الصفحات

27

قائمة المحتويات

• APA
• MLA
• AMA

لغة النص

الإنجليزية

نوع البيانات

رسائل جامعية

رقم السجل

BIM-629141