Abstract
This study investigates the effect of board independence on performance across different strategies. Using moderated regression analyses, the results confirm our hypothesis that board independence has a significantly more positive effect on performance for firms pursuing a strategy of cost efficiency than for those pursuing a strategy of innovation. The results of this study indicate that consideration of firms' competitive strategy can provide a better understanding of the relationship between board independence and firm performance.
| Original language | English |
|---|---|
| Pages (from-to) | 295-314 |
| Number of pages | 20 |
| Journal | International Journal of Accounting |
| Volume | 41 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 2006 |
Keywords
- Board independence
- Competitive strategy
- Corporate governance
- Performance