Abstract:
通过本文主要研究结果显示,NED与CFP的比例存在负相关关系。 其他研究结果表明,董事会会议和CFP之间的董事会议事规模或频次均无关系。 然而,NED和CFP的财务经验之间存在负相关关系。
This research investigates the relationship between Non-Executive Directors (NEDs) on the board of directors and Corporate Financial Performance (CFP) by using a sample of ten British companies that were listed on the FTSE 100 of the London Stock Exchange (LSE) during the period from 2006 and 2010. The results of the main study’ question show that there is a negative relationship between the proportion of NEDs and CFP. Other results of the study show that there is no relationship between either board size or frequency of board meetings and CFP. However, there is a negative relationship between the financial experience of NEDs and CFP.
Contents
Acknowledgements---------------------------------------------------------------------------------------- vi
Abstract------------------------------------------------------------------------------------------------------- vi
List of Figures and Tables------------------------------------------------------------------------------- vi
List if Abbreviation------------------------------------------------------------------------------------------ vi
Chapter 1: Background and Definition of Terms: --------------------------------------------- 1
1.1 Introduction----------------------------------------------------------------------------------------------1
1.2 Research Objectives--------------------------------------------------------------------------------- 4
1.3 Research Questions---------------------------------------------------------------------------------- 5
1.4 Structure of the Dissertation------------------------------------------------------------------------ 5
Chapter 2: Literature Review: ------------------------------------------------------------------------ 7
2.1 Introduction--------------------------------------------------------------------------------------------- 7
2.2.
Corporate Governance reform in the UK------------------------------------------------------- 7
2.2.1 Cadbury (1992) ------------------------------------------------------------------------------- 8
2.2.2 Hampel (1998) -------------------------------------------------------------------------------- 9
2.2.3 Higgs (2003) ----------------------------------------------------------------------------------- 9
2.2.4 UK Corporate Governance Code (2010) --------------------------------------------- 10
2.3 Board Composition and Corporate Financial Performance (CFP) ----------------------11
2.4 Board Size and Corporate Financial Performance (CFP) -------------------------------- 19
2.5 Financial experience of NEDs and Corporate Financial Performance (CFP) ------ 23
2.6. Frequency of Board Meetings and corporate financial performance (CFP) --------- 24
2.7 Conclusion--------------------------------------------------------------------------------------------- 26
Chapter 3: Research Design and Methodology: ------------------------------------------- 27
3.1 Introduction-------------------------------------------------------------------------------------------- 27
3.2 Sampling Frame and Sample Selection------------------------------------------------------- 27
3.2.1 Sampling frame-----------
本论文由英语论文网提供整理,提供论文代写,英语论文代写,代写论文,代写英语论文,代写留学生论文,代写英文论文,留学生论文代写相关核心关键词搜索。