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dc.contributor.authorZattoni, A.en
dc.contributor.authorWitt, M. A.en
dc.contributor.authorJudge, W. Q.en
dc.contributor.authorTalaulicar, T.en
dc.contributor.authorChen, Jean Jinghanen
dc.contributor.authorLewellyn, Kristaen
dc.contributor.authorHu. Helenen
dc.contributor.authorGabrielsson, J.en
dc.contributor.authorLuis Rivas, J.en
dc.contributor.authorPuffer, Sheilaen
dc.contributor.authorShukla, D.en
dc.contributor.authorLopez, F.en
dc.contributor.authorAdegbite, E.en
dc.contributor.authorFassin, Yvesen
dc.contributor.authorYamak, Sibelen
dc.contributor.authorFainshmidt, Staven
dc.contributor.authorvan Ees, Hansen
dc.date.accessioned2017-06-12T09:28:32Z
dc.date.available2017-06-12T09:28:32Z
dc.date.issued2017-08-31
dc.identifier.citationZattoni, A., Witt, M.A., Judge, W.Q., Talaulicar, T., Chen, J.J., Lewellyn, K., Hu, H., Gabrielsson, J., Luis Rivas, J., Puffer, S., Shukla, D., Lopez, F., Adegbite, E., Fassin, Y., Yamak, S., Fainshmidt, S., and Van Ees, H. (2017) Does board independence influence financial performance in IPO firms? The moderating role of the national business system. Journal of World Business. 52 (5), pp. 628-639en
dc.identifier.urihttp://hdl.handle.net/2086/14239
dc.descriptionThe file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link.en
dc.description.abstractPrior evidence suggests that board independence may enhance financial performance, but this relationship has been tested almost exclusively for Anglo-American countries. To explore the boundary conditions of this prominent governance mechanism, we examine the impact of the formal and information institutions of 18 national business systems on the board independence-financial performance relationship. Our results show that while the direct effect of independence is weak, national-level institutions significantly moderate the independence-performance relationship. Our findings suggest that the efficacy of board structures is likely to be contingent on the specific national context, but the type of legal system is insignificant.en
dc.language.isoenen
dc.publisherElsevieren
dc.subjectCorporate Governanceen
dc.subjectFinancial Performanceen
dc.subjectInitial Public Offeringsen
dc.subjectInstitutionsen
dc.subjectNational Business Systemsen
dc.titleDoes board independence influence financial performance in IPO firms? The moderating role of the national business systemen
dc.typeArticleen
dc.identifier.doihttps://doi.org/10.1016/j.jwb.2017.04.002
dc.researchgroupCentre for Research in Accountability, Governance and Responsibilityen
dc.peerreviewedYesen
dc.fundern/aen
dc.projectidn/aen
dc.cclicenceCC-BY-NC-NDen
dc.date.acceptance2017-04-21en


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