Effective corporate monitoring: Independence, motivation and means

Lyndal Drennan, Simone Kelly, Ray McNamara, Michelle Martin

Research output: Contribution to journalArticleResearchpeer-review

Abstract

A feature of the literature on the role of Boards of Directors is the mixed and contradictory findings. This research used continuous listing compliance as a measure of Board performance. A matched pairs design was employed, using governance data on 30 board attributes for firms listed on the Australian Stock Exchange from 1992 to 2000. Factor analysis was used to identify constructs associated with Board composition and firm performance. Discriminant analysis confirmed that the resultant model of performance was a significant predictor of firms’ ability to maintain continuous listing compliance. Neither the independence nor assembled knowledge variables were separately significant. Variables capturing directors’ motivation to monitor, and board cohesiveness were significant.
Original languageEnglish
Pages (from-to)65-84
Number of pages20
JournalInternational Review of Business Research Papers (Online)
Volume8
Issue number5
Publication statusPublished - 2012

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