The mission of the Barney Barnett School of Business and Free Enterprise is to provide a high quality, student-oriented business educational experience to baccalaureate and master’s level students, with a focus on teaching excellence, supported by scholarship and service.
(Elsevier Inc, 2017-09) Zattoni, Alessandro; Witt, Michael A.; Judge, William Q.; Talaulicar, Till; Chen, Jean Jinghan; Lewellyn, Krista B.; Hu, Helen Wei; Gabrielsson, Jonas; Rivas, Jose Luis; Puffer, Sheila; Shukla, Dhirendra; Lopez, Felix; Adegbite, Emmanuel; Fassin, Yves; Fainshmidt, Stav; van Ees, Hans
Prior evidence suggests that board independence may enhance financial performance, but this relationship has been tested almost exclusively for Anglo-American countries. To explore the boundary conditions of this prominent governance mechanism, we examine the impact of the formal and information institutions of 18 national business systems on the board independence-financial performance relationship. Our results show that while the direct effect of independence is weak, national-level institutions significantly moderate the independence-performance relationship. Our findings suggest that the efficacy of board structures is likely to be contingent on the specific national context, but the type of legal system is insignificant.