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Does one size fit all? An empirical investigation of board structure on family firms' financial performance

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dc.contributor.author Wellalage, Nirosha Hewa
dc.contributor.author Locke, Stuart
dc.contributor.author Scrimgeour, Frank
dc.date.accessioned 2012-11-11T22:38:15Z
dc.date.available 2012-11-11T22:38:15Z
dc.date.copyright 2012
dc.date.issued 2012
dc.identifier.citation Wellalage, N.H., Locke, S. & Scrimgeour, F. (2012). Does one size fit all? An empirical investigation of board structure on family firms' financial performance. Afro-Asian Journal of Finance and Accounting, 3(2), 182-194. en_NZ
dc.identifier.issn 1751-6447
dc.identifier.uri http://hdl.handle.net/10289/6826
dc.description.abstract The current study investigates the relationship between family firm board structure and financial performance in Sri Lanka. This study uses five years (2006-2010) of data from 65 family firms listed on the Colombo Stock Exchange (CSE). In order to investigate the impact of board structure on family firm financial performance, a dynamic panel generalised method of moment estimation is applied. The results show that board openness to non-family members, board diversity and insider ownership decrease family firms' financial performance. Consequently, this study suggests the corporate governance framework needs to be tailored to a family business structure as 'one size does not fit all'. en_NZ
dc.language.iso en
dc.publisher Inderscience Enterprises Ltd. en_NZ
dc.relation.ispartof Afro-Asian J. of Finance and Accounting
dc.relation.uri http://www.inderscience.com/jhome.php?jcode=aajfa
dc.subject Board structure en_NZ
dc.subject Corporate governance en_NZ
dc.subject Emerging market en_NZ
dc.subject Family firms en_NZ
dc.title Does one size fit all? An empirical investigation of board structure on family firms' financial performance en_NZ
dc.type Journal Article en_NZ
dc.identifier.doi 10.1504/AAJFA.2012.048248 en_NZ


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