Board Activity and Firm Performance. Issue 1 (June 2017)

• Record Type: Journal Article
• Authors: Paul, Jyoti
• Is Part Of: Indian journal of corporate governance. Volume 10:Issue 1(2017)
• Page Start: 44
• Page End: 57
• Publication Date: 2017-06
• Subjects: Board meetings -- board committees -- corporate governance -- firm value; Corporate governance -- Periodicals; Corporate governance; Electronic journals -- Business; Electronic journals -- Industry; Periodicals; 658.4
• DOI: 10.1177/0974686217699304
• Languages: English
• ISSNs: 0974-6862

Abstract

Abstract: Because of recent failures in the past, the role of Board and the Board monitoring have become important. The directors are expected to be more accountable. In this study, the researcher tries to investigate the relationship between the level of board activity and firm value for firms in FMCG sector over a three-year period from 2010–2011 to 2012–2013. The primary aim of the article is to provide empirical evidence and specifically find out the impact of board activity measured by number of meetings and its impact on firm performance. The results indicate that the attendance in board meetings is significantly positively correlated with ROA. The OLS results with both the performance measures show that the point estimates of attendance at board meetings were significant indicating that attendance in such meetings is perceived to be an indicator of good monitoring activities of the board.