Eigenschaften von Verwaltungsräten und Unternehmensperformance
Journal
Schweizerische Zeitschrift für Volkswirtschaft und Statistik
ISSN
0303-9692
Type
journal article
Date Issued
2005-03-01
Author(s)
Abstract (De)
We investigate the performance of 95 board members of listed Swiss companies over 12 years. We identify quantitatively measurable characteristics of board members and test for a relationship between board member characteristics and firm performance. As a proxy for firm performance, we use the performance of the firm's stock relative to a benchmark index. The number of board memberships appears to be negatively related to performance, possibly caused by loss of focus or excessive workload. On the other hand, the age of a board member as well as combined Chairman/CEO positions tend to affect performance positively. No significant relationship is found for duration of board membership, nationality or gender.
http://www.szvs.ch/papers/2005-I-1.pdf
http://www.szvs.ch/papers/2005-I-1.pdf
Language
German
HSG Classification
not classified
Refereed
Yes
Publisher
Lang
Publisher place
Bern
Volume
141
Number
1
Start page
1
End page
22
Pages
22
Subject(s)
Eprints ID
30635