Investigating the effect of board independence on performance across different strategies |
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Authors: | Lindawati Gani Johnny Jermias |
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Institution: | a Faculty of Economics, University of Indonesia, Jakarta, Indonesia b Faculty of Business Administration, Simon Fraser University, Burnaby, British Columbia, Canada V5A 1S6 |
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Abstract: | This study investigates the effect of board independence on performance across different strategies. Using moderated regression analyses, the results confirm our hypothesis that board independence has a significantly more positive effect on performance for firms pursuing a strategy of cost efficiency than for those pursuing a strategy of innovation. The results of this study indicate that consideration of firms' competitive strategy can provide a better understanding of the relationship between board independence and firm performance. |
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Keywords: | Board independence Competitive strategy Performance Corporate governance |
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