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Board characteristics and financial performance: A comprehensive literature review
Corporate Ownership and Control
This paper reviews literature on corporate governance and firm performance published from 1998 to 2019 in a comprehensive manner. The board characteristics such as board size, meetings, composition, and CEO duality are the main discussion points. The findings show that most of the studies have used panel data and statistical tools such as random effects, multiple regression analysis, or instrumental variables approach, etc. The citation analysis revealed that the most cited studies aredoi:10.22495/cocv19i1art14 fatcat:crdqqdflh5bxld4o7ngpcsr7dm