Board structure, ownership structure and firm performance: A study of New Zealand listed-firms

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dc.contributor.authorFauzi, Fitriya
dc.contributor.authorLocke, Stuart
dc.date.accessioned2013-07-18T04:19:28Z
dc.date.available2013-07-18T04:19:28Z
dc.date.issued2012
dc.description.abstractThis paper investigates the role of board structure and the effect of ownership structures on firm performance in New Zealand's listed firms. Several studies, the majority from the U.S., U.K. and Japan, have examined the relationship between corporate governance mechanisms, ownership structure and firm performance. Those studies yielded different results, affected by the nature of the prevailing governance system for each country. Investigating New Zealand's listed firms could enhance the diversity of the growing body of work that examines this relationship. Though the majority of studies only tested a linear relationship between variables, a number of studies have found a non-linear relationship between board structures, ownership structures and firm performance, and this study confirms the non-linear relationship. Using a balanced panel of 79 New Zealand listed firms, this study employs a Generalised Linear Model (GLM) for robustness. The result reveals that board of directors, board committees, and managerial ownership have a positive and significant impact on firm performance. Meanwhile, nonexecutive directors, female directors on the board and blockholder ownership lower New Zealand firm performance.en_NZ
dc.format.mimetypeapplication/pdf
dc.identifier.citationFauzi, F. & Locke, S. (2012). Board structure, ownership structure and firm performance: A study of New Zealand listed-firms. Asian Academy of Management Journal of Accounting of Finance, 8(2), 43-67.en_NZ
dc.identifier.urihttps://hdl.handle.net/10289/7793
dc.language.isoenen_NZ
dc.publisherUniversiti Sains Malaysiaen_NZ
dc.relation.isPartOfAsian Academy of Management Journal of Accounting and Financeen_NZ
dc.relation.urihttp://web.usm.my/journal/aamjaf/vol%208-2-2012/AAMJAF8-2-2012%2843-67%29.pdfen_NZ
dc.rightsThis article has been published in the journal: Asian Academy of Management Journal of Accounting of Finance. © 2012 Asian Academy of Management and Penerbit Universiti Sains Malaysia.en_NZ
dc.subjectboard structureen_NZ
dc.subjectownership structureen_NZ
dc.subjectfirm performanceen_NZ
dc.subjectGeneralised Linearen_NZ
dc.subjectModel (GLM)en_NZ
dc.subjectNew Zealand listed firmsen_NZ
dc.titleBoard structure, ownership structure and firm performance: A study of New Zealand listed-firmsen_NZ
dc.typeJournal Articleen_NZ
pubs.begin-page43en_NZ
pubs.elements-id38524
pubs.end-page67en_NZ
pubs.issue2en_NZ
pubs.volume8en_NZ
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