The Impact of Corporate Board Meetings on Corporate Performance in South Africa

2017-12-17 15:42:08 Viewed: 579 Downloads: 78
  • The Impact of Corporate Board Meetings on Corporate Performance in South Africa

      Collins G. Ntim and Kofi A. Osei

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    Pub: 2017-12-17 15:42:08

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  • We investigate the impact of corporate board meetings on corporate performance for a sample of 169 listed corporations from 2002 to 2007 in South Africa (SA). Our findings suggest a statistically significant and positive association between the frequency of corporate board meetings and corporate performance, implying that  SA  boards  that  meet  more  frequently  tend  to  generate  higher  financial performance. A further investigation indicates a significant non-monotonic link between the frequency of corporate board meetings and corporate performance, suggesting  that  either  a  relatively  small  or  large  number  of  corporate  board meetings  impacts  positively  on  corporate  performance.  Our  findings  are consistent across a raft of econometric models that control for different types of endogeneities and corporate performance proxies. Our results provide empirical support for agency theory, which suggests that corporate boards that meet more frequently have increased capacity to effectively advise, monitor and discipline management, and thereby improving corporate financial performance.

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  • Keywords

    South Africa


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