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

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dc.contributor.authorWellalage, Nirosha Hewa
dc.contributor.authorLocke, Stuart
dc.contributor.authorScrimgeour, Frank
dc.date.accessioned2012-11-11T22:38:15Z
dc.date.available2012-11-11T22:38:15Z
dc.date.copyright2012
dc.date.issued2012
dc.description.abstractThe 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.identifier.citationWellalage, 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.doi10.1504/AAJFA.2012.048248en_NZ
dc.identifier.issn1751-6447
dc.identifier.urihttps://hdl.handle.net/10289/6826
dc.language.isoen
dc.publisherInderscience Enterprises Ltd.en_NZ
dc.relation.isPartOfAfro-Asian Journal of Finance and Accountingen_NZ
dc.relation.ispartofAfro-Asian J. of Finance and Accounting
dc.subjectBoard structureen_NZ
dc.subjectCorporate governanceen_NZ
dc.subjectEmerging marketen_NZ
dc.subjectFamily firmsen_NZ
dc.titleDoes one size fit all? An empirical investigation of board structure on family firms' financial performanceen_NZ
dc.typeJournal Articleen_NZ
pubs.begin-page182en_NZ
pubs.elements-id37947
pubs.end-page194en_NZ
pubs.issue2en_NZ
pubs.volume3en_NZ
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