A study on the determinants of board composition in the Singapore context.
The objective of this study is to examine the determinants of board composition of 154 public listed companies in Singapore. Based on agency theory and balance of power arguments, we hypothesize that seven firm- and CEO- specific variables explain board composition. Both our univariate and multivari...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Published: |
2008
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/8532 |
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| Institution: | Nanyang Technological University |
| Summary: | The objective of this study is to examine the determinants of board composition of 154 public listed companies in Singapore. Based on agency theory and balance of power arguments, we hypothesize that seven firm- and CEO- specific variables explain board composition. Both our univariate and multivariate analysis show that the most significant explanatory variable is shareholdings by directors. Further, the univariate results show that CEO founder status and CEO tenure are other significant variables that determine board composition. |
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