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J. Risk Financial Manag. 2016, 9(4), 14; doi:10.3390/jrfm9040014

The Effect of Monitoring Committees on the Relationship between Board Structure and Firm Performance

1
QUARG, GREDEG, THEMA, High Business School of Tunis, University of Manouba, Manouba 2010, Tunisia
2
DEFI Research Unit, High School of Economic and Commercial Sciences of Tunis, University of Tunis, Tunis 1089, Tunisia
3
High Institute of Business Studies of Sousse, University of Sousse, Sousse 4054, Tunisia
4
THEMA, High School of Digital Economy of Manouba, University of Manouba, Manouba 2010, Tunisia
*
Author to whom correspondence should be addressed.
Academic Editor: Michael McAleer
Received: 6 June 2016 / Revised: 25 November 2016 / Accepted: 29 November 2016 / Published: 5 December 2016
View Full-Text   |   Download PDF [225 KB, uploaded 5 December 2016]

Abstract

The purpose of this study is to investigate the impact of board structure on the performance of French firms in the presence of several monitoring committees. We studied 80 publicly listed French firms spanning from 2001 to 2013. We concluded that large board size has a negative effect on market performance. While large board size in combination with the existence of at least three committees enhances accounting performance and does not have any impact on market performance, the existence of a board dominated by independent directors with the presence of at least three committees seems to have only a negative impact on accounting performance. Our findings indicate that monitoring committees are beneficial for shareholders only for corporations with a large board size. View Full-Text
Keywords: board composition; monitoring committees; firm performance; France board composition; monitoring committees; firm performance; France
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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MDPI and ACS Style

Ammari, A.; Amdouni, S.; Zemzem, A.; Ellouze, A. The Effect of Monitoring Committees on the Relationship between Board Structure and Firm Performance. J. Risk Financial Manag. 2016, 9, 14.

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