Board of directors and firm performance : evidence from the Casablanca stock exchange
Dissertant
Thesis advisor
University
Al Akhawayn University
Faculty
The School of Business Administration
University Country
Morocco
Degree
Master
Degree Date
2009
English Abstract
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.
Main Subjects
No. of Pages
27
Table of Contents
Table of contents.
Abstract.
Chapter One : Introduction.
Chapter Two : Motivation and background.
Chapter Three : Data.
Chapter Four : Methodology.
Chapter Five : Robustness of results.
Chapter Six : Conclusion.
References.
American Psychological Association (APA)
Rayyis, Sumayyah. (2009). Board of directors and firm performance : evidence from the Casablanca stock exchange. (Master's theses Theses and Dissertations Master). Al Akhawayn University, Morocco
https://search.emarefa.net/detail/BIM-629141
Modern Language Association (MLA)
Rayyis, Sumayyah. Board of directors and firm performance : evidence from the Casablanca stock exchange. (Master's theses Theses and Dissertations Master). Al Akhawayn University. (2009).
https://search.emarefa.net/detail/BIM-629141
American Medical Association (AMA)
Rayyis, Sumayyah. (2009). Board of directors and firm performance : evidence from the Casablanca stock exchange. (Master's theses Theses and Dissertations Master). Al Akhawayn University, Morocco
https://search.emarefa.net/detail/BIM-629141
Language
English
Data Type
Arab Theses
Record ID
BIM-629141
