Paper Title
Board Structure, Composition And Firm Performance: A Theoretical And Empirical Review
Abstract
Corporate governance literature is very wide and involves several empirical studies conducted on the relationship
between board structure, composition and firm performance. The separation of ownership and control in organizations were
aimed at reducing the losses suffered by the investors in the event of financial scandals. This paper reviewed the theoretical
and empirical literatures on the relationship between board composition and its impact on firm performance. The findings
from the studies provides different results; while some are of the view that board structure is related to firm performance,
many empirical studies indicates no relationship. However, others found a U shape relationship between firm performance
and board structure. Therefore, this study argued that board structure is not much significant to determine the financial
performance of a firm.
Keywords- board structure, composition, firm, financial performance