Abstract
The aim of this study is to examine a possible relationship of corporate financial performance and board membership changes. As a consequence, whether too little or too much board membership changes would produce a detrimental impact to financial performance. Furthermore, this study investigated whether this effect is more pronounced in family firms over non-family firms. Based on the agency theory and stewardship perspective, the results indicate that board membership changes are significant for family firms towards short-term financial performance indicators, with positive effect above a certain interval, though it signaling to the market may not be relevant. Also provides insightful examination of a specific corporate governance issue that is valuable both for academics and practitioners.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: European Conference on Management Leadership and Governance
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
