University of Twente Student Theses
Internal corporate governance mechanisms and corporate performance : evidence from Dutch listed firms
Horsthuis, L.W.J. (2019) Internal corporate governance mechanisms and corporate performance : evidence from Dutch listed firms.
PDF
2MB |
Abstract: | This study analyzes the impact of internal corporate governance mechanisms on firm performance of Dutch listed firms. The years 2012 and 2017 have been analyzed using OLS regressions. The results show that the effects on firm performance differ in how performance is measured. Board size is significantly related to firm performance; negatively for accounting-based and positively for market-based measures. For the number of outside directors on the board, the results were not robust enough to draw conclusions. Ownership concentration is significantly and positively related to accounting-based measures, but negatively to market-based measures. For insider ownership, which includes family and managerial ownership, no significant effects are found. Though, splitting up this variable in the two identities resulted in a positive relationship between family ownership and accounting-based firm performance measures. Lastly, this study finds significant positive effects of executive compensation on market-based performance measures and negative effects on accounting-based performance measures. This study contributes to the scarce actual existing literature on this topic by using recent data from the Netherlands, and by including multiple corporate governance variables instead of only ownership structure, board structure or remuneration. |
Item Type: | Essay (Master) |
Faculty: | BMS: Behavioural, Management and Social Sciences |
Subject: | 85 business administration, organizational science |
Programme: | Business Administration MSc (60644) |
Link to this item: | https://purl.utwente.nl/essays/79901 |
Export this item as: | BibTeX EndNote HTML Citation Reference Manager |
Repository Staff Only: item control page