Abstract

Objective: How to increase firm performance? This paper seeks to answer this question by analyzing the effect of some variables, especially board size and board independence with firm performance. In this regard, the current paper uses non-financial firms listed on Borsa Istanbul stock change between the period of 2013 and 2015.
 Methodology: On the other hand, the current research used random sampling of abovementioned firms which was listed on BIST. Correspondingly, to address the association among board characteristics (e.g. interlocking directors, size, and independence) and firm performance the present research adopted an agency theory as well as resource dependency theory. Plus, utilizing the descriptive statistics, relationship matrix tests, and linear multiple regression as the principal statistical tests via (STATA V.14 and SPSS V25).
 Findings: As a consequent, the current paper pointed out a various conclusion, most significant one shows that there is a positive association among the (board size, interlocking directors, board independence, and firm performance).
 Implications: Lastly, the current research suggested for future studies might address bigger sample, wider time frame, and further board of director’s characteristics for instant, age and nationality.

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