文章基本信息

标题：Board of Directors, Firm Performance and the Moderating Role of Family Control in Jordan
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作者：Mohammed Hassan Makhlouf ; Nur Hidayah Laili ; Nur Ainna Ramli 等
期刊名称：Academy of Accounting and Financial Studies Journal
印刷版ISSN：1096-3685
出版年度：2018
卷号：22
期号：5
页码：1-15
语种：English
出版社：The DreamCatchers Group, LLC
摘要：This study aims to examine whether the family control affects the relationship between the effectiveness of board of directors and firm performance. This study depends on a panel data set drawn from 120 firms listed on the Amman stock exchange for the period from 2009 to 2013. The mechanisms of the effectiveness of the board of directors are considered as predictors of the firm performance that will measured by the return on assets (ROA) and Tobin’s Q. The family control represents the moderating variable. To identify the moderating impact of the family control on the relationship between the effectiveness of the board of directors and performance, this study depends on a composite measure of the effectiveness of board of directors to capture the aggregate impact of board’s effectiveness on firm performance. The findings of the hierarchical regression analysis find that the family control has a significant negative moderating impact on the relationship between the effectiveness of board of directors and firm performance measured by Tobin's Q. Conversely, the study found an insignificant positive relation with ROA..
关键词：Corporate Governance;Board of Directors;Family Control;Firm Performance