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Board effectiveness and firm investment efficiency

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posted on 28.03.2022, 14:57 by Rong He
Business leaders and the Australian Stock Exchange (ASX) are calling for more effective boards, to ensure the goal of long-term survival and prosperity of firms. Efficient investment is the key to achieving firms' sustainability. Using 14-year panel data of all the companies listed on the ASX, this study investigates the association between a variety of board attributes and firm investment efficiency. The study provides evidence that boards with more concentrated functional expertise and higher director shareholdings are more effective in reducing both over-investment and under-investment. Smaller boards are able to reduce under-investment but not over-investment, while boards with longer average tenure restrain over-investment but not under-investment.

History

Table of Contents

Chapter 1. Introduction -- Chapter 2. Literature review -- Chapter 3. Research design -- Chapter 4. Sample selection and data collection -- Chapter 5. Results --Chapter 6. Discussions, implications and limitations -- Appendix A -- References.

Notes

Bibliography: pages 109-120 Theoretical thesis.

Awarding Institution

Macquarie University

Degree Type

Thesis MRes

Degree

MRes, Macquarie University, Faculty of Business and Economics, Department of Accounting and Corporate Governance

Department, Centre or School

Department of Accounting and Corporate Governance

Year of Award

2016

Principal Supervisor

Elaine Evans

Additional Supervisor 1

Colly He

Rights

Copyright Rong He 2016. Copyright disclaimer: http://mq.edu.au/library/copyright

Language

English

Extent

1 online resource (ix, 120 pages) tables

Former Identifiers

mq:69064 http://hdl.handle.net/1959.14/1250177