Size Really Matters: Further Evidence on the Negative Relationship between Board Size and Firm Value

• Main Authors: KUSNADI, Yuanto, Mak, Y. T.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2005
• Subjects: Corporate governance; Board size; Firm value; Singapore; Malaysia; Accounting; Business Law, Public Responsibility, and Ethics; Corporate Finance
• Online Access: https://ink.library.smu.edu.sg/soa_research/1150; http://dx.doi.org/10.1016/j.pacfin.2004.09.002
• Institution: Singapore Management University

This study examines the impact of corporate governance mechanisms on the firm value of Singapore and Malaysia firms (as measured by Tobin's Q). We find little evidence of relationships between most corporate governance mechanisms and Tobin's Q. However, consistent with Yermack [Higher mark...