Board meeting, promoter CEO and firm performance: Evidence from India

References

• Adams, R. B., & Ferreira, D. (2009). Women in the boardroom and their impact on governance and performance. Journal of Financial Economics, 94(2), 291–33. https://doi.org/10.1016/j.jfineco.2008.10.007
   Web of Science ®Google Scholar
• Adams, R. B., & Mehran, H. (2008). Corporate performance, board structure, and their determinants in the banking industry. Federal Reserve Bank of New York. Staff Report, No. 330
   Google Scholar
• Akben Selçuk, E. (2016). Does firm age affect profitability? Evidence from Turkey. International Journal of Economic Sciences, (3), 1–9. https://doi.org/10.20472/ES.2016.5.3.001
   Google Scholar
• Alabdullah, T. T. Y., Ahmed, E. R., & Yahya, S. (2018). The determination of firm performance in emerging nations: Do board size and firm size matter? International Academic Journal of Accounting and Financial Management, 5(2), 57–66. https://doi.org/10.9756/IAJAFM/V5I2/1810017
   Google Scholar
• Ali, A., Alim, W., Ahmed, J., & Nisar, S. (2022). Yoke of corporate governance and firm performance: A study of listed firms in Pakistan. Indian Journal of Commerce and Management Studies, 13(1), 8–17. https://doi.org/10.18843/ijcms/v13i1/02
   Google Scholar
• Almazan, A., & Suarez, J. (2003). Entrenchment and severance pay in optimal governance structures. The Journal of Finance, 58(2), 519–547. https://doi.org/10.1111/1540-6261.00536
   Web of Science ®Google Scholar
• Amatori, F., Bugamelli, M., & Colli, A. (2013). Technology, firm size, and entrepreneurship. In G. Toniolo (Ed.), The oxford handbook of the Italian economy since unification (pp. 455–484). Oxford University Press.
   Google Scholar
• Amran, N. A. (2011). Corporate governance mechanisms and company performance: Evidence from Malaysian companies. International Review of Business Research Papers, 7(6), 101–114.
   Google Scholar
• Anderson, R., & Reeb, D. (2003). Founding family ownership and firm performance: Evidence from the S&P 500. The Journal of Finance, 58(3), 1301–1328. https://doi.org/10.1111/1540-6261.00567
   Web of Science ®Google Scholar
• Anderson, R. C., Reeb, D. M., Upadhyay, A., & Zhao, W. (2011). The economics of director heterogeneity. Financial Management, 40(1), 5–38. https://doi.org/10.1111/j.1755-053X.2010.01133.x
   Web of Science ®Google Scholar
• Arellano, M., & Bond, S. (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. The Review of Economic Studies, 58(2), 277–297. https://doi.org/10.2307/2297968
   Web of Science ®Google Scholar
• Arellano, M., & Bover, O. (1995). Another look at the instrumental variable estimation of error-components models. Journal of Econometrics, 68(1), 29–51. https://doi.org/10.1016/0304-4076(94)01642-D
   Web of Science ®Google Scholar
• Arnegger, M., Hofmann, C., Pull, K., & Vetter, K. (2014). Firm size and board diversity. Journal of Management & Governance, 18(4), 1109–1135. https://doi.org/10.1007/s10997-013-9273-6
   Google Scholar
• Arora, A. (2022). Gender diversity in boardroom and its impact on firm performance. Journal of Management and Governance, 26(3), 735–755. https://doi.org/10.1007/s10997-021-09573-x
   Web of Science ®Google Scholar
• Arvanitis, S. E., Varouchas, E. G., & Agiomirgianakis, G. M. (2022). Does board gender diversity really improve firm performance? Evidence from Greek Listed firms. Journal of Risk and Financial Management, 15(7), 306–315. https://doi.org/10.3390/jrfm15070306
   Web of Science ®Google Scholar
• Baliga, B. R., Moyer, R. C., & Rao, R. S. (1996). CEO duality and firm performance: What’s the fuss? Strategic Management Journal, 17(1), 41–53. https://doi.org/10.1002/(SICI)1097-0266(199601)17:1%3C41::AID-SMJ784%3E3.0.CO;2-%23
   Web of Science ®Google Scholar
• Barron, D. N., West, E., & Hannan, M. T. (1994). A time to grow and a time to die: Growth and mortality of credit Unions in New York, 1914-1990. American Journal of Sociology, 100(2), 381–421. https://doi.org/10.1086/230541
   Web of Science ®Google Scholar
• Barth, E., Gulbrandsen, T., & Schønea, P. (2005). Family ownership and productivity: The role of owner-management. Journal of Corporate Finance, 11(1–2), 107–127. https://doi.org/10.1016/j.jcorpfin.2004.02.001
   Web of Science ®Google Scholar
• Bédard, J., & Gendron, Y. (2010). Strengthening the financial reporting system: Can audit committees deliver? International Journal of Auditing, 14(2), 174–210. https://doi.org/10.1111/j.1099-1123.2009.00413.x
   Google Scholar
• Bertrand, M., Johnson, S., Samphantharak, K., & Schoar, A. (2008). Mixing family with business: A study of Thai business groups and the families behind them. Journal of Financial Economics, 88(3), 466–498. https://doi.org/10.1016/j.jfineco.2008.04.002
   Web of Science ®Google Scholar
• Bhagat, S., & Black, B. (2001). The non-correlation between board Independence and long-term firm performance. Journal of Corporate Law, 1(27), 231–273. https://dx.doi.org/10.2139/ssrn.133808
   Google Scholar
• Bhagat, S., & Bolton, B. (2008). Corporate governance and firm performance. Journal of Corporate Finance, 14(3), 257–273. https://doi.org/10.1016/j.jcorpfin.2008.03.006
   Web of Science ®Google Scholar
• Binh Tran, L., & Le, T. H. (2017). Multimodal personal verification using likelihood ratio for the match score fusion. Computational Intelligence and Neuroscience, 2017, 1–9. https://doi.org/10.1155/2017/9345969
   Web of Science ®Google Scholar
• Blau, P. M. (1970). A formal theory of differentiation in organizations. American Sociological Review, 35(2), 201–218. https://doi.org/10.2307/2093199
   Web of Science ®Google Scholar
• Bliss, R. T., & Potter, M. E. (2002). Mutual fund managers: Does gender matter? The Journal of Business and Economic Studies, 8(1), 1–15. http://economics-finance.org/jefe/econ/WannLobo.Economics.Vol9(2).pdf
   Google Scholar
• Blundell, R., & Bond, S. (1998). Initial conditions and moment restrictions in dynamic panel data models. Journal of Econometrics, 87(1), 115–143. https://doi.org/10.1016/S0304-4076(98)00009-8
   Web of Science ®Google Scholar
• Bøhren, Ø., & Staubo, S. (2016). Mandatory gender balance and board Independence. European Financial Management, 22(1), 3–30. https://doi.org/10.1111/eufm.12060
   Web of Science ®Google Scholar
• Bonner, S. E. (2008). Judgment and decision making in accounting. Prentice Hall.
   Google Scholar
• Boone, A. L., Field, L. C., Karpoff, J. M., & Raheja, C. G. (2007). The determinants of corporate board size and composition: An empirical analysis. Journal of Financial Economics, 85(1), 66–101. https://doi.org/10.1016/j.jfineco.2006.05.004
   Web of Science ®Google Scholar
• Brush, T. H., Bromiley, P., & Hendrickx, M. (2000). The free cash flow hypothesis for sales growth and firm performance. Strategic Management Journal, 21(4), 455–472. https://doi.org/10.1002/(SICI)1097-0266(200004)21:4<455::AID-SMJ83>3.0.CO;2-P
   Web of Science ®Google Scholar
• Buchdadi, A. D., Ulupui, I. G. K. A., Dalimunthe, S., Pamungkas, B. G., & Fauziyyah, Y. (2019). Board of director meeting and firm performance. Academy of Accounting and Financial Studies Journal, 23(2), 1–7. https://www.researchgate.net/profile/Agung-Buchdadi-2/publication/333056515_BOARD_OF_DIRECTOR_MEETING_AND_FIRM_PERFORMANCE/links/5cd9802a299bf14d9592cde6/BOARD-OF-DIRECTOR-MEETING-AND-FIRM-PERFORMANCE.pdf
   Google Scholar
• Burson, K. (2007). The effect of firm size on profit rates in the financial services. Journal of Economics Education Research, 8(1), 67–81. https://www.proquest.com/scholarly-journals/effects-firm-size-on-profit-rates-financial/docview/192404605/se-2?accountid=184781
   Google Scholar
• Campa, J. M., & Kedia, S. (2002). Explaining the diversification discount. The Journal of Finance, 57(4), 1731–1762. https://doi.org/10.1111/1540-6261.00476
   Web of Science ®Google Scholar
• Campbell, K., & Mínguez-Vera, A. (2008). Gender diversity in the boardroom and firm financial performance. Journal of Business Ethics, 83(3), 435–451. https://doi.org/10.1007/s10551-007-9630-y
   Web of Science ®Google Scholar
• Carter, D. A., D’Souza, F., Simkins, B. J., & Simpson, W. G. (2010). The gender and ethnic diversity of US boards and board committees and firm financial performance. Corporate Governance: An International Review, 18(5), 396–414. https://doi.org/10.1111/j.1467-8683.2010.00809.x
   Web of Science ®Google Scholar
• Carter, D. A., Simkins, B. J., & Simpson, W. G. (2003). Corporate governance, board diversity, and firm value. The Financial Review, 38(1), 33–53. https://doi.org/10.1111/1540-6288.00034
   Google Scholar
• Chami, R. (2001). What is different about family businesses? (Working Paper). International Monetary Fund (IMF), Washington DC, US.
   Google Scholar
• Chen, K. C., Chen, Z., & Wei, K. J. (2011). Agency costs of free cash flow and the effect of shareholder rights on the implied cost of equity capital. Journal of Financial and Quantitative Analysis, 46(1), 171–207. https://doi.org/10.1017/S0022109010000591
   Web of Science ®Google Scholar
• Cheng, Y. S., Liu, Y. P., & Chien, C. Y. (2010). Capital structure and firm value in China: A panel threshold regression analysis. African Journal of Business Management, 4(12), 2500–2507.
   Google Scholar
• Chen, C. W., Lin, J. B., & Yi, B. (2008). CEO duality and firm performance: An endogenous issue. Corporate Ownership and Control, 6(1), 58–65. https://doi.org/10.22495/cocv6i1p6
   Google Scholar
• Chen, X., Torsin, W., & Tsang, A. (2021). International differences in the CEO gender pay gap. Corporate Governance: An International Review, 30(5), 516–541. https://doi.org/10.1111/corg.12421
   Web of Science ®Google Scholar
• Chiang, H. T., & He, L. J. (2010). Board supervision capability and information transparency. Corporate Governance: An International Review, 18(1), 18–31. https://doi.org/10.1111/j.1467-8683.2009.00779.x
   Web of Science ®Google Scholar
• Chou, H. I., Chung, H., & Yin, X. (2013). Attendance of board meetings and company performance: Evidence from Taiwan. Journal of Banking & Finance, 37(11), 4157–4171. https://doi.org/10.1016/j.jbankfin.2013.07.028
   Google Scholar
• Coad, A., Segarra, A., & Teruel, M. (2013). Like milk or wine: Does firm performance improve with age? Structural Change and Economic Dynamics, 24, 173–189. https://doi.org/10.1016/j.strueco.2012.07.002
   Web of Science ®Google Scholar
• Core, J. E., Holthausen, R. W., & Larcker, D. F. (1999). Corporate governance, chief executive officer compensation, and firm performance. Journal of Financial Economics, 51(3), 371–406. https://doi.org/10.1016/S0304-405X(98)00058-0
   Web of Science ®Google Scholar
• Daily, C. M., & Dalton, D. R. (1997). CEO and board chair roles held jointly or separately: Much ado about nothing? Academy of Management Perspectives, 11(3), 11–20. https://doi.org/10.5465/ame.1997.9709231660
   Google Scholar
• Daily, C. M., & Dalton, D. R. (2003). Women in the boardroom: A business imperative. Journal of Business Strategy, 24(5), 8–9. https://doi.org/10.1108/jbs.2003.28824eaf.002
   Google Scholar
• Dalton, D. R., Daily, C. M., Ellstrand, A. E., & Johnson, J. L. (1998). Meta‐analytic reviews of board composition, leadership structure, and financial performance. Strategic Management Journal, 19(3), 269–290. https://doi.org/10.1002/(SICI)1097-0266(199803)19:3<269::AID-SMJ950>3.0.CO;2-K
   Web of Science ®Google Scholar
• Dalton, D. R., Daily, C. M., Johnson, J. L., & Ellstrand, A. E. (1999). Number of directors and financial performance: A meta-analysis. Academy of Management Journal, 42(6), 674–686. https://doi.org/10.2307/256988
   Web of Science ®Google Scholar
• De Andres, P., Azofra, V., & Lopez, F. (2005). Corporate boards in OECD countries: Size, composition, functioning and effectiveness. Corporate Governance: An International Review, 13(2), 197–210. https://doi.org/10.1111/j.1467-8683.2005.00418.x
   Web of Science ®Google Scholar
• DeAngelo, H., & Masulis, R. W. (1980). Leverage and dividend irrelevancy under corporate and personal taxation. The Journal of Finance, 35(2), 453–464. https://doi.org/10.1111/j.1540-6261.1980.tb02176.x
   Web of Science ®Google Scholar
• Deloof, M. (2003). Does working capital management affect profitability of Belgian firms? Journal of Business Finance & Accounting, 30(3‐4), 573–588. https://doi.org/10.1111/1468-5957.00008
   Google Scholar
• Detthamrong, U., Chancharat, N., & Vithessonthi, C. (2017). Corporate governance, capital structure and firm performance: Evidence from Thailand. Research in International Business and Finance, 42, 689–709. https://doi.org/10.1016/j.ribaf.2017.07.011
   Web of Science ®Google Scholar
• Dunne, T., Roberts, M. J., & Samuelson, L. (1989). The growth and failure of US manufacturing plants. The Quarterly Journal of Economics, 104(4), 671–698. https://doi.org/10.2307/2937862
   Web of Science ®Google Scholar
• Duru, A., Iyengar, R. J., & Zampelli, E. M. (2016). The dynamic relationship between CEO duality and firm performance: The moderating role of board Independence. Journal of Business Research, 69(10), 4269–4277. https://doi.org/10.1016/j.jbusres.2016.04.001
   Web of Science ®Google Scholar
• Eagly, A. H., & Carli, L. L. (2003). The female leadership advantage: An evaluation of the evidence. The Leadership Quarterly, 14(6), 807–834. https://doi.org/10.1016/j.leaqua.2003.09.004
   Web of Science ®Google Scholar
• Evans, C. R., & Dion, K. L. (2012). Group cohesion and performance: A meta-analysis. Small Group Research, 43(6), 690–701. https://doi.org/10.1177/1046496412468074
   Web of Science ®Google Scholar
• Fama, E. F., & Jensen, M. C. (1983). Separation of ownership and control. The Journal of Law and Economics, 26(2), 301–325. https://doi.org/10.1086/467037
   Web of Science ®Google Scholar
• Fan, Y., Jiang, Y., Kao, M. F., & Liu, F. H. (2020). Board Independence and firm value: A quasi-natural experiment using Taiwanese data. Journal of Empirical Finance, 57, 71–88. https://doi.org/10.1016/j.jempfin.2020.04.001
   Web of Science ®Google Scholar
• Fernandez Mendez, C., Arrondo Garcia, R., & Pathan, S. (2017). Board Independence and firm value: A quasi-natural experiment using Taiwanese data. Journal of Empirical Finance, 46(1), 28–62. https://doi.org/10.1080/02102412.2016.1250345
   Google Scholar
• Ferris, S. P., Jagannathan, M., & Pritchard, A. C. (2003). Too busy to mind the business? Monitoring by directors with multiple board appointments. The Journal of Finance, 58(3), 1087–1111. https://doi.org/10.1111/1540-6261.00559
   Web of Science ®Google Scholar
• Fich, E. M., & Shivdasani, A. (2007). Financial fraud, director reputation, and shareholder wealth. Journal of Financial Economics, 86(2), 306–336. https://doi.org/10.1016/j.jfineco.2006.05.012
   Web of Science ®Google Scholar
• Gadzo, S. G., & Asiamah, S. K. (2018). Assessment of the relationship between leverage and performance: An empirical study of unlisted banks in Ghana. Journal of Economics and International Finance, 10(10), 123–133. https://doi.org/10.5897/JEIF2018.0920
   Google Scholar
• Geletkanycz, M. A., & Boyd, B. K. (2011). CEO outside directorships and firm performance: A reconciliation of agency and embeddedness views. Academy of Management Journal, 54(2), 335–352. https://doi.org/10.5465/amj.2011.60263094
   Web of Science ®Google Scholar
• Ghafoorifard, M., Sheykh, B., Shakibaee, M., & Joshaghan, N. S. (2014). Assessing the relationship between firm size, age and financial performance in listed companies on Tehran stock exchange. International Journal of Scientific Management and Development, 2(11), 631–635. https://www.academia.edu/9810020/Assessing_the_Relationship_between_Firm_Size_Age_and_Financial_Performance_In_Listed_Companies_on_Tehran_Stock_Exchang
   Google Scholar
• Gibrat, R. (1931). Les inégalités économiques. Librairie du Receuil Sirey: Paris.
   Google Scholar
• Gillan, S., Hartzell, J. C., & Starks, L. T. (2003). Explaining corporate governance: Boards, bylaws, and charter provisions (working paper). DE: Weinberg Center for Corporate Governance. Newark.
   Google Scholar
• Goel, A., Dhiman, R., Rana, S., & Srivastava, V. (2022). Board composition and firm performance: Empirical evidence from Indian companies. Asia-pacific journal of business administration, 14(4), 771–789. https://doi.org/10.1108/APJBA-09-2021-0483
   Web of Science ®Google Scholar
• Goodstein, J., Gautam, K., & Boeker, W. (1994). The effects of board size and diversity on strategic change. Strategic Management Journal, 15(3), 241–250. https://doi.org/10.1002/smj.4250150305
   Web of Science ®Google Scholar
• Goyal, V. K., & Park, C. W. (2002). Board leadership structure and CEO turnover. Journal of Corporate Finance, 8(1), 49–66. https://doi.org/10.1016/S0929-1199(01)00028-1
   Web of Science ®Google Scholar
• Gupta, N., Agarwal, T., & Jagwani, B. (2021a). Exploring non-linear relationship between foreign ownership and firm performance. Corporate Ownership and Control, 18(3), 257–274. https://doi.org/10.22495/cocv18i3siart3
   Google Scholar
• Gupta, N., & Mahakud, J. (2020a). CEO characteristics and bank performance: Evidence from India. Managerial Auditing Journal, 35(8), 1057–1093. https://doi.org/10.1108/MAJ-03-2019-2224
   Web of Science ®Google Scholar
• Gupta, N., & Mahakud, J. (2021). Audit committee characteristics and bank performance: Evidence from India. Managerial Auditing Journal, 36(6), 813–855. https://doi.org/10.1108/MAJ-04-2020-2622
   Web of Science ®Google Scholar
• Gupta, N., Mahakud, J., & McMillan, D. (2020b). Ownership, bank size, capitalization and bank performance: Evidence from India. Cogent Economics and Finance, 8(1), 1–39. https://doi.org/10.1080/23322039.2020.1808282
   Web of Science ®Google Scholar
• Gupta, N., Mahakud, J., Tripathi, P. M., Agarwal, T., & Bakhshi, P. (2021b). Do nominee directors influence bank performance? Corporate Ownership & Control, 19(1), 121–145. https://doi.org/10.22495/cocv19i1art10
   Google Scholar
• Gupta, N., Mittal, S., Agarwal, T., Bhakshi, P., & Sahoo, M. (2022). Ownership concentration and bank performance: Evidence from India. Cogent Economics & Finance, 10(1), 2114177. https://doi.org/10.1080/23322039.2022.2114177
   Web of Science ®Google Scholar
• Hadlock, C. J., & Pierce, J. R. (2010). New evidence on measuring financial constraints: Moving beyond the KZ index. The Review of Financial Studies, 23(5), 1909–1940. https://doi.org/10.1093/rfs/hhq009
   Web of Science ®Google Scholar
• Haniffa, R., & Hudaib, M. (2006). Corporate governance structure and performance of Malaysian listed companies. Journal of Business Finance & Accounting, 33(7‐8), 1034–1062.
   Web of Science ®Google Scholar
• Harymawan, I., Nasih, M., Ratri, M. C., & Nowland, J. (2019). CEO busyness and firm performance: Evidence from Indonesia. Heliyon, 5(5), e01601. https://doi.org/10.1016/j.heliyon.2019.e01601
   PubMed Web of Science ®Google Scholar
• Hermalin, B. E., & Weisbach, M. S. (2000). Boards of directors as an endogenously determined institution: A survey of the economic literature (working paper). National bureau of economic research, Cambridge, MA, US.
   Google Scholar
• Hermalin, B., & Weisbach, M. (2003). Boards of directors as an endogenously determined institution: A survey of the economic literature. Econ Policy Rev, 9, 7–26. https://www.nber.org/system/files/working_papers/w8161/w8161.pdf
   Google Scholar
• Herring, C. (2009). Does diversity pay? Race, gender, and the business case for diversity. American Sociological Review, 74(2), 208–224. https://doi.org/10.1177/000312240907400203
   Web of Science ®Google Scholar
• Hillman, A. J., Cannella, A. A., & Paetzold, R. L. (2000). The resource dependence role of corporate directors: Strategic adaptation of board composition in response to environmental change. Journal of Management Studies, 37(2), 235–256. https://doi.org/10.1111/1467-6486.00179
   Web of Science ®Google Scholar
• Hossain, M. A., & Oon, E. Y. N. (2022). Board leadership, board meeting frequency and firm performance in two‐tier boards. Managerial and Decision Economics, 43(3), 862–879. https://doi.org/10.1002/mde.3423
   Web of Science ®Google Scholar
• Ibhagui, O. W., & Olokoyo, F. O. (2018). Leverage and firm performance: New evidence on the role of firm size. The North American Journal of Economics and Finance, 45, 57–82. https://doi.org/10.1016/j.najef.2018.02.002
   Web of Science ®Google Scholar
• Jackling, B., & Johl, S. (2009). Board structure and firm performance: Evidence from India’s top companies. Corporate Governance: An International Review, 17(4), 492–509. https://doi.org/10.1111/j.1467-8683.2009.00760.x
   Web of Science ®Google Scholar
• Jensen, M. C. (1986). Agency costs of free cash flow, corporate finance, and takeovers. The American Economic Review, 76(2), 323–329.
   Web of Science ®Google Scholar
• Jensen, M. C. (1993). The modern industrial revolution, exit, and the failure of internal control systems. The Journal of Finance, 48(3), 831–880. https://doi.org/10.1111/j.1540-6261.1993.tb04022.x
   Web of Science ®Google Scholar
• Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360.
   Web of Science ®Google Scholar
• Jianakoplos, N. A., & Bernasek, A. (1998). Are women more risk averse? Economic Inquiry, 36(4), 620–630. https://doi.org/10.1111/j.1465-7295.1998.tb01740.x
   Web of Science ®Google Scholar
• Jiraporn, P., Kim, Y. S., & Davidson, III, W. N. (2008). Multiple directorships and corporate diversification. Journal of Empirical Finance, 15(3), 418–435. https://doi.org/10.1016/j.jempfin.2007.07.002
   Web of Science ®Google Scholar
• Jiraporn, P., Singh, M., & Lee, C. I. (2009). Ineffective corporate governance: Director busyness and board committee memberships. Journal of Banking & Finance, 33(5), 819–828. https://doi.org/10.1016/j.jbankfin.2008.09.020
   Web of Science ®Google Scholar
• Kakanda, M. M., Salim, B., & Chandren, S. (2017). Corporate governance reform and risk management disclosures: Evidence from Nigeria. Business and Economic Horizons (BEH), 13(3), 357–367. https://doi.org/10.15208/beh.2017.26
   Google Scholar
• Kaur, R., & Singh, B. (2019). Do CEO characteristics explain firm performance in India? Journal of Strategy and Management, 12(3), 409–426. https://doi.org/10.1108/JSMA-02-2019-0027
   Web of Science ®Google Scholar
• Khan, W. A., & Vieito, J. P. (2013). CEO gender and firm performance. Journal of Economics and Business, 67, 55–66. https://doi.org/10.1016/j.jeconbus.2013.01.003
   Google Scholar
• Kim, K. H., Al-Shammari, H. A., Kim, B., & Lee, S. H. (2009). CEO duality leadership and corporate diversification behavior. Journal of Business Research, 62(11), 1173–1180. https://doi.org/10.1016/j.jbusres.2008.10.017
   Web of Science ®Google Scholar
• Kyei, S. M., Werner, K., & Appiah, K. O. (2022). Board meetings and bank performance in Africa. Cogent business & management, 9(1), 2034235. https://doi.org/10.1080/23311975.2022.2034235
   Google Scholar
• Lawrence, P. R., & Lorsch, J. W. (1967). Organization and environment managing differentiation and integration. Administrative Science Quarterly, 12(1), 1–47. https://www.jstor.org/stable/2391211
   Web of Science ®Google Scholar
• Lee, J. (2009). Does size matter in firm performance? Evidence from US public firms. International Journal of the Economics of Business, 16(2), 189–203. https://doi.org/10.1080/13571510902917400
   Google Scholar
• Lee, P. M., & James, E. H. (2007). She’‐e‐os: Gender effects and investor reactions to the announcements of top executive appointments. Strategic Management Journal, 28(3), 227–241. https://doi.org/10.1002/smj.575
   Web of Science ®Google Scholar
• Lee, K. W., & Thong, T. Y. (2022). Board gender diversity, firm performance and corporate financial distress risk: International evidence from tourism industry. Equality, diversity and inclusion: An International Journal, (ahead-of-print).
   Google Scholar
• Leung, S., Richardson, G., & Jaggi, B. (2014). Corporate board and board committee Independence, firm performance, and family ownership concentration: An analysis based on Hong Kong firms. Journal of Contemporary Accounting & Economics, 10(1), 16–31. https://doi.org/10.1016/j.jcae.2013.11.002
   Google Scholar
• Linck, J. S., Netter, J. M., & Yang, T. (2008). The determinants of board structure. Journal of Financial Economics, 87(2), 308–328. https://doi.org/10.1016/j.jfineco.2007.03.004
   Web of Science ®Google Scholar
• Lin, Y. F., Yeh, Y. M. C., & Yang, F. M. (2014). Supervisory quality of board and firm performance: A perspective of board meeting attendance. Total Quality Management & Business Excellence, 25(3–4), 264–279. https://doi.org/10.1080/14783363.2012.756751
   Web of Science ®Google Scholar
• Loderer, C., & Waelchli, U. (2010). Firm age and performance (Working Paper). ECGI European Corporate Governance Institute, University of Bern.
   Google Scholar
• Majumdar, S. K. (1997). The impact of size and age on firm-level performance: Some evidence from India. Review of Industrial Organization, 12(2), 231–241. https://doi.org/10.1023/A:1007766324749
   Web of Science ®Google Scholar
• Mak, Y. T., & Kusnadi, Y. (2005). Size really matters: Further evidence on the negative relationship between board size and firm value. Pacific-Basin Finance Journal, 13(3), 301–318. https://doi.org/10.1016/j.pacfin.2004.09.002
   Google Scholar
• Martin, A. D., Nishikawa, T., & Williams, M. A. (2009). CEO gender: Effects on valuation and risk. Quarterly Journal of Finance and Accounting, 48(3), 23–40. https://www.jstor.org/stable/23075251
   Google Scholar
• Masulis, R. W., & Mobbs, S. (2014). Independent director incentives: Where do talented directors spend their limited time and energy? Journal of Financial Economics, 111(2), 406–429. https://doi.org/10.1016/j.jfineco.2013.10.011
   Web of Science ®Google Scholar
• Mohapatra, P. (2017). Board Size and Firm Performance in India. Vilakshan: The XIMB Journal of Management, 14(1), 19–30.
   Google Scholar
• Nepal, M., & Deb, R. (2022). Board characteristics and firm performance: Indian textiles sector panorama. Management and Labour Studies, 47(1), 74–96. https://doi.org/10.1177/0258042X211026148
   Google Scholar
• Nicholson, G. J., & Kiel, G. C. (2007). Can directors impact performance? A case‐based test of three theories of corporate governance. Corporate Governance: An International Review, 15(4), 585–608. https://doi.org/10.1111/j.1467-8683.2007.00590.x
   Web of Science ®Google Scholar
• Osunsan, O. K. (2015). Gender and performance of small scale enterprises in Kampala, Uganda. Asian Journal of Social Sciences & Humanities, 4(1), 55–65. http://www.ajssh.leena-luna.co.jp/AJSSHPDFs/Vol.4(1)/AJSSH2015(4.1-08).pdf
   Google Scholar
• Pandey, A., Sehgal, S., & Mittal, A. (2019). Board busyness and firm performance: Evidence from India. Theoretical Economics Letters, 9(3), 453–476. https://doi.org/10.4236/tel.2019.93032
   Google Scholar
• Pandey, R., Taylor, D., & Joshi, M. (2011). Family presence and financial performance in large listed companies in India. Corporate Board: Role, Duties and Composition, 7(2–1), 40–53. https://doi.org/10.22495/cbv7i2c1art4
   Google Scholar
• Pandey, R., Vithessonthi, C., & Mansi, M. (2015). Busy CEOs and the performance of family firms. Research in International Business and Finance, 33, 144–166. https://doi.org/10.1016/j.ribaf.2014.09.005
   Web of Science ®Google Scholar
• Parthasarathy, A., Menon, K., & Bhattacherjee, D. (2006). Executive compensation, firm performance and governance: an empirical analysis. Economic and Political weekly, 41(39), 4139–4147. https://www.jstor.org/stable/4418755
   Google Scholar
• Pasiouras, F., & Kosmidou, K. (2007). Factors influencing the profitability of domestic and foreign commercial banks in the European Union. Research in International Business and Finance, 21(2), 222–237. https://doi.org/10.1016/j.ribaf.2006.03.007
   Google Scholar
• Pastor, L., & Veronesi, P. (2003). Stock prices and IPO waves (working paper). National Bureau of Economic Research, Cambridge.
   Google Scholar
• Pearce, J. A., & Zahra, S. A. (1991). The relative power of CEOs and boards of directors: Associations with corporate performance. Strategic Management Journal, 12(2), 135–153. https://doi.org/10.1002/smj.4250120205
   Web of Science ®Google Scholar
• Peni, E. (2014). CEO and Chairperson Characteristics and firm performance. Journal of Management & Governance, 18(1), 185–205. https://doi.org/10.1007/s10997-012-9224-7
   Google Scholar
• Pervan, M., & Višić, J. (2012). Influence of firm size on its business success. Croatian Operational Research Review, 3(1), 213–223. https://hrcak.srce.hr/96821
   Google Scholar
• Pfeffer, J., & Salancik, G. R. (1978). The external control of organizations: A resource dependence perspective. Harper & Row.
   Google Scholar
• Pombo, C., & Gutiérrez, L. H. (2011). Outside directors, board interlocks and firm performance: Empirical evidence from Colombian business groups. Journal of Economics and Business, 63(4), 251–277. https://doi.org/10.1016/j.jeconbus.2011.01.002
   Google Scholar
• Post, C., & Byron, K. (2015). Women on boards and firm financial performance: A meta-analysis. Academy of Management Journal, 58(5), 1546–1571. https://doi.org/10.5465/amj.2013.0319
   Web of Science ®Google Scholar
• Powell, M., & Ansic, D. (1997). Gender differences in risk behaviour in financial decision-making: An experimental analysis. Journal of Economic Psychology, 18(6), 605–628. https://doi.org/10.1016/S0167-4870(97)00026-3
   Web of Science ®Google Scholar
• Rahman, H. U., Zahid, M., & Khan, M. (2022). Corporate sustainability practices: A new perspective of linking board with firm performance. Total Quality Management & Business Excellence, 33(7–8), 929–946. https://doi.org/10.1080/14783363.2021.1908826
   Web of Science ®Google Scholar
• Rashid, A. (2018). Board Independence and firm performance: Evidence from Bangladesh. Future Business Journal, 4(1), 34–49. https://doi.org/10.1016/j.fbj.2017.11.003
   Web of Science ®Google Scholar
• Ren, T., Liu, N., Yang, H., Xiao, Y., & Hu, Y. (2019). Working capital management and firm performance in China. Asian Review of Accounting, 27(4), 546–562. https://doi.org/10.1108/ARA-04-2018-0099
   Web of Science ®Google Scholar
• Robb, A. M., & Robinson, D. T. (2014). The capital structure decisions of new firms. The Review of Financial Studies, 27(1), 153–179. https://doi.org/10.1093/rfs/hhs072
   Web of Science ®Google Scholar
• Safiullah, M., Akhter, T., Saona, P., & Azad, M. A. K. (2022). Gender diversity on corporate boards, firm performance, and risk-taking: New evidence from Spain. Journal of Behavioral and Experimental Finance, 35, 100721. https://doi.org/10.1016/j.jbef.2022.100721
   Web of Science ®Google Scholar
• Saleh, M. W., Shurafa, R., Shukeri, S. N., Nour, A. I., & Maigosh, Z. S. (2020). The effect of board multiple directorships and CEO characteristics on firm performance: Evidence from Palestine. Journal of Accounting in Emerging Economies, 10(4), 637–654. http://dx.doi.org/10.2139/ssrn.3765798
   Web of Science ®Google Scholar
• Schubert, R. (2006). Analyzing and managing risks – On the importance of gender differences in risk attitudes. Managerial Finance, 32(9), 706–715. https://doi.org/10.1108/03074350610681925
   Web of Science ®Google Scholar
• Singhathep, T., & Pholphirul, P. (2015). Female CEOs, firm performance, and firm development: Evidence from Thai manufacturers. Gender, Technology and Development, 19(3), 320–345. https://doi.org/10.1177/0971852415596865
   Web of Science ®Google Scholar
• Smith, N., Smith, V., & Verner, M. (2006). Do women in top management affect firm performance? A panel study of 2,500 Danish firms. International Journal of Productivity and Performance Management, 55(7), 569–593. https://doi.org/10.1108/17410400610702160
   Google Scholar
• Srivastava, V., Das, N., & Pattanayak, J. K. (2018). Women on boards in India: A need or tokenism? Management Decision, 56(8), 1769–1786. https://doi.org/10.1108/MD-07-2017-0690
   Web of Science ®Google Scholar
• Stinchcombe, A. (1965). Social structure and organizations. In J. G. March (Ed.), Handbook of organizations (pp. 142–193). Rand McNally.
   Google Scholar
• Stiroh, K. J., & Rumble, A. (2006). The dark side of diversification: The case of US financial holding companies. Journal of Banking & Finance, 30(8), 2131–2161. https://doi.org/10.1016/j.jbankfin.2005.04.030
   Web of Science ®Google Scholar
• Strelcova, J. (2004). Does gender matter? A comparative study of performance of American CEOs (Glucksman fellowship program student research reports). New York University.
   Google Scholar
• Sunden, A. E., & Surette, B. J. (1998). Gender differences in the allocation of assets in retirement savings plans. American Economic Review, 88(2), 207–211. https://www.jstor.org/stable/116920
   Web of Science ®Google Scholar
• Tang, J. (2017). CEO duality and firm performance: The moderating roles of other executives and block holding outside directors. European Management Journal, 35(3), 362–372. https://doi.org/10.1016/j.emj.2016.05.003
   Web of Science ®Google Scholar
• Tripathy, S., & Shaik, A. (2020). Leverage and firm performance: Empirical evidence from Indian food processing industry. Management Science Letters, 10(6), 1233–1240. https://doi.org/10.5267/j.msl.2019.11.035
   Google Scholar
• Villalonga, B. (2004). Does diversification cause the diversification discount? Financial Management, 33(2), 5–27. https://www.jstor.org/stable/3666156
   Web of Science ®Google Scholar
• Williamson, O. E. (1984). The economics of governance: Framework and implications. Journal of Institutional and Theoretical Economics, 195–223. https://www.jstor.org/stable/40750687
   Google Scholar
• Yang, T., & Zhao, S. (2014). CEO duality and firm performance: Evidence from an exogenous shock to the competitive environment. Journal of Banking & Finance, 49(C), 534–552. https://doi.org/10.1016/j.jbankfin.2014.04.008
   Google Scholar
• Yermack, D. (1996). Higher market valuation of companies with a small board of directors. Journal of Financial Economics, 40(2), 185–211. https://doi.org/10.1016/0304-405X(95)00844-5
   Web of Science ®Google Scholar
• Yu, M. (2022). CEO duality and firm performance: A systematic review and research agenda. European Management Review, 1–13.
   Web of Science ®Google Scholar
• Zheng, Y., Rashid, M., Ur, H., Siddik, A. B., Wei, W., & Hossain, S. Z. (2022). Corporate social responsibility disclosure and firm’s productivity: Evidence from the banking industry in Bangladesh. Sustainability, 14(10), 6237. https://doi.org/10.3390/su14106237
   Web of Science ®Google Scholar
• Zona, F., Zattoni, A., & Minichilli, A. (2013). A contingency model of boards of directors and firm innovation: The moderating role of firm size. British Journal of Management, 24(3), 299–315. https://doi.org/10.1111/j.1467–8551.2011.00805.x
   Web of Science ®Google Scholar