董事会特征及公司经营业绩相关性研究.pdf

Characteristics of Boards of Directors and Board Effectiveness: A Study of Malaysian Public Listed Companies Wan Fauziah Wan Yusoff A thesis submitted in totalfulJilment of the requirements for the degree of Doctor of Philosophy Governance Research Programme Faculty of Business and Law Victoria University ABSTRACT Boards of directors are integral to modem corporations and, consequently, receive much attention from regulators, researchers and stakeholders. Although this domain is receiving increased scrutiny, most studies have been based on relating various dimensions of board structure and composition to fum financial performance. However, such studies have failed to draw an unambiguous conclusion about the impact of board structure and composition on firm performance. Considering the importance of board dynamics on the effectiveness of the board, this study examines the characteristics of members of boards of directors and determines the contribution that these characteristics make to the effectiveness of boards of directors in Malaysian Public Listed Companies (PLCs). Furthermore, there is limited study in this area from emerging-economy countries with relatively less developed capital markets. The underlying theme throughout this study is that characteristics of members of boards of directors are important components of board effectiveness. Based on extensive literature, this study develops a theoretical framework and six research questions. The characteristics of boards of director members considered in this study include demographic characteristics, personality characteristic