Next Article in Journal
Portfolio Optimization and Mortgage Choice
Previous Article in Journal
Credit Scoring by Fuzzy Support Vector Machines with a Novel Membership Function
Article

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
J. Risk Financial Manag. 2016, 9(4), 14; https://doi.org/10.3390/jrfm9040014
Received: 6 June 2016 / Revised: 25 November 2016 / Accepted: 29 November 2016 / Published: 5 December 2016
(This article belongs to the Section Economics and Finance)
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
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. https://doi.org/10.3390/jrfm9040014

AMA Style

Ammari A, Amdouni S, Zemzem A, Ellouze A. The Effect of Monitoring Committees on the Relationship between Board Structure and Firm Performance. Journal of Risk and Financial Management. 2016; 9(4):14. https://doi.org/10.3390/jrfm9040014

Chicago/Turabian Style

Ammari, Aymen, Sarra Amdouni, Ahmed Zemzem, and Abderrazak Ellouze. 2016. "The Effect of Monitoring Committees on the Relationship between Board Structure and Firm Performance" Journal of Risk and Financial Management 9, no. 4: 14. https://doi.org/10.3390/jrfm9040014

Find Other Styles
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop