CEO二元制、董事会规模和公司绩效:越南的证据

Q3 Business, Management and Accounting

International Journal of Business Excellence Pub Date : 2023-01-01 DOI:10.1504/ijbex.2023.128255

Hanh Thi My Le, Irene Wei Kiong Ting, Qian Long Kweh, Ha Lam Tan Ngo

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引用次数: 4

摘要

本研究从代理理论和管理理论的角度解释公司治理与公司绩效的关系，考察了CEO二元性和董事会规模对公司绩效的影响。我们评估了2014-2015年越南证券交易所(VSE)前200家上市公司的CEO二元性、董事会规模和公司绩效之间的关系。研究结果表明:1)CEO的二元性限制了董事会的监督功能，董事会规模过大促进了领导者的支配地位和权力，从而产生了更多的冲突;(2)高层管理人员中执行董事的数量对公司绩效有正向影响。我们的研究结果无疑有助于决策者和其他利益相关者理解CEO双重性、董事会规模和公司绩效之间的关系。总体而言，本研究强调了在一个对小股东保护较少的国家，CEO的二元性以及董事会规模与公司绩效的关系。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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CEO duality, board size and firm performance: evidence in Vietnam

From the perspective of the agency and stewardship theories for explaining the relationship between corporate governance and firm performance, this study examines the impacts of CEO duality and board size on the firm performance. We assess the association between CEO duality, board size and firm performance of top 200 companies listed on the Vietnam Stock Exchange (VSE) over 2014-2015. Our findings show that: 1) CEO duality limits the monitoring function of the board, and a large board size promotes dominance and power of leaders that create more conflicts; 2) the number of executive directors in the top management positively influences firm performance. Findings of our study certainly help policymakers and other stakeholders understand the relationship between CEO duality, board size and firm performance. Overall, this study highlights the CEO duality and the relationship of board size and firm performance in a nation with less protection of minority shareholders.

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来源期刊

International Journal of Business Excellence Business, Management and Accounting-Business and International Management

CiteScore

1.60

自引率

0.00%

发文量

期刊介绍： Business excellence relies heavily on the type of strategies, techniques and tools for measuring and benchmarking the business performance. Subsequently, identifying best practices and their implementation eventually decides excellence in business. Given the importance of business excellence, a journal devoted to performance evaluation and best practices, especially in order to be competitive in the global market, is essential. IJBEX addresses new developments in business excellence and best practices, and methodologies to determine these in both manufacturing and service organisations. Topics covered include: -Performance measures and metrics in business management- Methodologies and tools for performance measurement- Benchmarking business performance- Business excellence in various functional areas- Best practices in business management- World class business and operational strategies and techniques- Alignment between different levels of strategies- Understanding the customer requirements- Process design and management- Knowledge management for improved performance- Systems approach for determining the best practices- Six-Sigma, QFD, Taguchi methods and TQM- Data warehousing and data mining in business excellence- Measuring performance in creative industries- Best practices in creative economy and industries