Board monitoring and firm performance: Controlling for endogeneity and multicollinearity

Azim, M and Taylor, D 2009, 'Board monitoring and firm performance: Controlling for endogeneity and multicollinearity', Corporate Ownership and Control, vol. 6, no. 3, pp. 79-93.


Document type: Journal Article
Collection: Journal Articles

Title Board monitoring and firm performance: Controlling for endogeneity and multicollinearity
Author(s) Azim, M
Taylor, D
Year 2009
Journal name Corporate Ownership and Control
Volume number 6
Issue number 3
Start page 79
End page 93
Total pages 15
Publisher Virtus-Inpress
Abstract Purpose of this study is to investigate the relation between board monitoring and firm performance after controlling the endogeneity and multicollinearity problem that exist in most corporate governance research. Prior studies failed to establish any significant relationship between board monitoring and firm performance because of not properly control for endogeneity and multicollinearity problems. After controlling for both problems the coefficient of board monitoring increases and becomes significant.
Subject Accounting, Auditing and Accountability not elsewhere classified
Keyword(s) Boards of directors
Monitoring
Firm Performance
Endogeneity
Multicollinearity
Structural Equation Modelling.
ISSN 1727-9232
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