How to cite this paper
Zureigat, B., Hazimeh, A., Batayneh, R & Alrawashedh, N. (2024). Does board of directors affect financial performance? A study of the Jordanian companies.Uncertain Supply Chain Management, 12(3), 1441-1450.
Refrences
Adams, R. B., & Ferreira, D. (2007). A theory of friendly boards. The journal of finance, 62(1), 217-250.
Adebayo, O. S., Olusola, A. G., & Abiodun, O. F. (2013). Relationship between corporate governance and organizational performance: Nigerian listed organizations experience. International Journal of Business and Management Invention, 2(9), 1-6.
Affes, W., & Jarboui, A. (2023). The impact of corporate governance on financial performance: a cross-sector study. International Journal of Disclosure and Governance, 20(4), 374-394.
Alabdullah, T. T. Y. (2018). The relationship between ownership structure and firm financial performance: Evidence from Jordan. Benchmarking: An International Journal, 25(1), 319-333.
Ali Alagla, S. (2020). Corporate governance mechanisms and disclosure quality: Evidence from UK top 100 public companies. L'Egypte Contemporaine, 111(539), 472-512.
Bhagat, S., & Black, B. (2001). The non-correlation between board independence and long-term firm performance. Journal of Corporation Law, 27, 231.
Chandren, S., Qaderi, S. A., & Ghaleb, B. A. A. (2021). The influence of the chairman and CEO effectiveness on operating performance: Evidence from Malaysia. Cogent Business & Management, 8(1), 1935189.
Chu, L., Mathieu,R., & Mbagwu, C. (2019). Independent Directors, Business Risk, and the Informativeness of Accounting Earnings for Debt Contracting. Canadian Journal of Administrative Sciences/Revue Canadienne Des Sciences de l’Administration, 36(4), 559–575.
Claessens, S., Djankov, S., Fan, J. P., & Lang, L. H. (2002). Disentangling the incentive and entrenchment effects of large shareholdings. The journal of finance, 57(6), 2741-2771.
Core, J. E., Holthausen, R. W., & Larcker, D. F. (1999). Corporate governance, chief executive officer compensation, and firm performance. Journal of financial economics, 51(3), 371-406.
Cotter, J. F., Shivdasani, A., & Zenner, M. (1997). Do independent directors enhance target shareholder wealth during tender offers?. Journal of financial economics, 43(2), 195-218.
Daadaa, W. (2020). Board characteristics and bank performance in emerging stock markets. International Journal of Business and Emerging Markets, 12(2), 119-132.
Dalton, C. & Dalton, D. (2005). Boards of directors: Utilizing empirical evidence in developing practical prescriptions. British Journal of management, 16(1), 91-97.
Denis, D. K., & McConnell, J. J. (2003). International Corporate Governance. Journal of Financial and Quantitative Analysis, 38(01), 1-36.
Dhamadasa, P., Gamage, P., & Herath, S. K. (2014). Corporate Governance, Board Characteristics and Firm Performance: Evidence from Sri Lanka. South Asian Journal of Management, 21(1), 7-31.
Elsayed, M., Elshandidy, T., & Ahmed, Y. (2022). Corporate failure in the UK: An examination of corporate governance reforms. International Review of Financial Analysis, 82, 102165.
Faleye, O., Hoitash, R., & Hoitash, U. (2011). The costs of intense board monitoring. Journal of Financial Economics, 101(1), 160-181.
Ferreira, A., & Otley, D. (2009). The design and use of performance management systems: An extended framework for analysis. Management accounting research, 20(4), 263-282.
García-Ramos, R., & Díaz, B. D. (2021). Board of directors structure and firm financial performance: A qualitative comparative analysis. Long Range Planning, 54(6), 102017.
Gill, A., & Mathur, N. (2011).Board size, CEO duality, and the value of Canadian Manufacturing firms. Journal of Applied Finance and Banking, 1(3), 1-13.
Gompers, P., Ishii, J., & Metrick, A. (2003). Corporate governance and equity prices. The quarterly journal of economics, 118(1), 107-156.
Gregory, H. J., & Simms, M. E. (1999, October). Corporate governance: what it is and why it matters. In 9th International Anti-Corruption Conference, Kuala Lumpur (pp. 10-15).
Jantadej, K., & Wattanatorn, W. (2020). The effect of corporate governance on the cost of debt: Evidence from Thailand. Journal of Asian Finance, Economics and Business, 7(9), 283–291.
Jensen, M. C., & Ruback, R. S. (1983). The market for corporate control: The scientific evidence. Journal of Financial economics, 11(1-4), 5-50.
John, K., & Senbet, L. W. (1998). Corporate governance and board effectiveness. Journal of banking & Finance, 22(4), 371-403.
Khatib, S. F., & Nour, A. (2021). The impact of corporate governance on firm performance during the COVID-19 pandemic: Evidence from Malaysia. Journal of Asian Finance, Economics and Business, 8(2), 0943-0952.
Kini, O., & Williams, R. (2012). Tournament incentives, firm risk, and corporate policies. Journal of financial economics, 103(2), 350-376.
Klein, A. (1998). Firm performance and board committee structure. The journal of law and Economics, 41(1), 275-304.
Kumar, N., & Singh, J. P. (2013). Effect of board size and promoter ownership on firm value: some empirical findings from India. Corporate Governance: The international journal of business in society, 13(1), 88-98.
Kyere, M., & Ausloos, M. (2021). Corporate governance and firms financial performance in the United Kingdom. International Journal of Finance & Economics, 26(2), 1871-1885.
Kyereboah-Coleman, A., & Biekpe, N. (2006). The relationship between board size, board composition, CEO duality and firm performance: Experience from Ghana. Corporate Ownership and Control, 4(2), 114-122.
Lew, Y. K., Yu, J., & Park, J. Y. (2018). The impacts of independent director and CEO duality on performance in the Chinese post‐institutional‐transition era. Canadian Journal of Administrative Sciences/Revue Canadienne des Sciences de l'Administration, 35(4), 620-634.
Lutfi, L., Silvy, M., & Iramani, R. (2014). The role of board of commissioners and transparency in improving bank operational efficiency and profitability. Journal of Economics, Business, & Accountancy Ventura, 17(1), 81-90.
Makhlouf, M. H., Laili, N. H., Ramli, N. A., & Basah, M. Y. (2017). Board of directors’ effectiveness and firm performance: Evidence from Jordan. Research Journal of Finance and Accounting, 8(18), 23-34.
Matar, M., & Nauimat, Z. (2014). The response of the boards of directors in the distressed Jordanian public shareholding companies to the risk and repercussions of the global financial crisis. Jordan Journal of Business Administration, 10(1).
Matolcsy, Z., & Wright, A. (2011). CEO compensation structure and firm performance. Accounting & Finance, 51(3), 745-763.
Mubeen, R., Han, D., Abbas, J., & Hussain, I. (2020). The effects of market competition, capital structure, and CEO duality on firm performance: A mediation analysis by incorporating the GMM model technique. Sustainability, 12(8), 3480.
Naciti, V. (2019). Corporate governance and board of directors: The effect of a board composition on firm sustainability performance. Journal of Cleaner Production, 237, 117727.
Naseem, M. A., Xiaoming, S., Riaz, S., & Rehman, R. U. (2017). Board attributes and financial performance: the evidence from an emerging economy. The Journal of Developing Areas, 51(3), 281–2.
Nenova, T. (2009). A Corporate Governance Agenda for Developing Countries.Contaduría Y Administración(217).
Pangestuti, I. R. D., Pridarsanti, K. Y., & Robiyanto, R. (2021). Location, working capital, corporate governance, and profitability: the case of Indonesian manufacturing firms. International Journal of Business and Society, 22(2), 881-900.
Peng, M. W. (2004). Outside directors and firm performance during institutional transitions. Strategic management journal, 25(5), 453-471.
Pucheta-Martínez, M. C., & Gallego-Álvarez, I. (2020). Do board characteristics drive firm performance? An international perspective. Review of Managerial Science, 14(6), 1251-1297.
Puni, A., & Anlesinya, A. (2020). Corporate governance mechanisms and firm performance in a developing country. International Journal of Law and Management, 62(2), 147-169.
Qadorah, A. A. M., & Fadzil, F. H. B. (2018). The relationship between board size and CEO duality and firm performance: Evidence from Jordan. International Journal of Accounting, Finance and Risk Management, 3(3), 16-20.
Roffia, P., Simón-Moya, V., & Sendra García, J. (2022). Board of director attributes: effects on financial performance in SMEs. International Entrepreneurship and Management Journal, 18(3), 1141-1172.
Rwegasira, K. (2000). Corporate Governance in Emerging Capital Markets: Whither Africa? Corporate Governance: An International Review, 8(3), 258-267.
Saleh, M. W., Shurafa, R., Shukeri, S. N., Nour, A. I., & Maigosh, Z. S. (2020). The effect of board multiple directorships and CEO characteristics on firm performance: evidence from Palestine. Journal of Accounting in Emerging Economies, 10(4), 637-654.
Salehi, M., Arianpoor, A., & Dalwai, T. (2020). Corporate Governance and Cost of Equity: Evidence from Tehran Stock Exchange. Journal of Asian Finance, Economics and Business, 7(7), 149–158.
Shah, S. Z. A., Butt, S. A., & Saeed, M. M. (2011). Ownership structure and performance of firms: Empirical evidence from an emerging market. African Journal of Business Management, 5(2), 515-523.
Shivdasani, A., & Yermack, D. (1999). CEO involvement in the selection of new board members: An empirical analysis. The journal of finance, 54(5), 1829-1853.
Shleifer, A., & Vishny, R. W. (1997). A survey of corporate governance. The journal of finance, 52(2), 737-783.
Shrivastav, S. M., & Kalsie, A. (2016). The relationship between CEO duality and firm performance: An analysis using panel data approach. IUP Journal of Corporate Governance, 15(2).
Uwuigbe, O. R., & Fakile, A. S. (2012). The effects of board size on financial performance of banks: A study of listed banks in Nigeria. International Journal of Economics and Finance, 4(2), 260-267.
Uyar, A., Kuzey, C., Kilic, M., & Karaman, A. S. (2021). Board structure, financial performance, corporate social responsibility performance, CSR committee, and CEO duality: Disentangling the connection in healthcare. Corporate Social Responsibility and Environmental Management, 28(6), 1730-1748.
Wang, G., DeGhetto, K., Ellen, B. P., & Lamont, B. T. (2019). Board antecedents of CEO duality and the moderating role of country‐level managerial discretion: a meta‐analytic investigation. Journal of Management Studies, 56(1), 172–202
Weisbach, D. A. (2002). An economic analysis of anti‐tax‐avoidance doctrines. American Law and Economics Review, 4(1), 88-115.
Wong, C. W. (2022). The Effects Of Corporate Governance On Firm Performance: Evidence From The Construction Sector (Doctoral dissertation, UTAR).
Yasser, Q. R., Mamun, A. A., & Rodrigs, M. (2017). Impact of board structure on firm performance: evidence from an emerging economy. Journal of Asia Business Studies, 11(2), 210-228.
Yermack, D. (1996). Higher market valuation of companies with a small board of directors. Journal of financial economics, 40(2), 185-211.
Zureigat, B. N., Fadzil, F. H., & Ismail, S. S. S. (2014). The relationship between corporate governance mechanisms and going concern evaluation: evidence from firms listed on Amman stock exchange. Journal of Public Administration and Governance, 4(4), 100-110.
Zureigat, B., Batayneh, R., Al Shbail, A. M., & Al_hazimeh, A. M. (2023). The granger causality of the relationship between corporate social responsibility and corporate performance of listed Jordanian companies. Journal of Research Administration, 5(2), 5665-5681.
Adebayo, O. S., Olusola, A. G., & Abiodun, O. F. (2013). Relationship between corporate governance and organizational performance: Nigerian listed organizations experience. International Journal of Business and Management Invention, 2(9), 1-6.
Affes, W., & Jarboui, A. (2023). The impact of corporate governance on financial performance: a cross-sector study. International Journal of Disclosure and Governance, 20(4), 374-394.
Alabdullah, T. T. Y. (2018). The relationship between ownership structure and firm financial performance: Evidence from Jordan. Benchmarking: An International Journal, 25(1), 319-333.
Ali Alagla, S. (2020). Corporate governance mechanisms and disclosure quality: Evidence from UK top 100 public companies. L'Egypte Contemporaine, 111(539), 472-512.
Bhagat, S., & Black, B. (2001). The non-correlation between board independence and long-term firm performance. Journal of Corporation Law, 27, 231.
Chandren, S., Qaderi, S. A., & Ghaleb, B. A. A. (2021). The influence of the chairman and CEO effectiveness on operating performance: Evidence from Malaysia. Cogent Business & Management, 8(1), 1935189.
Chu, L., Mathieu,R., & Mbagwu, C. (2019). Independent Directors, Business Risk, and the Informativeness of Accounting Earnings for Debt Contracting. Canadian Journal of Administrative Sciences/Revue Canadienne Des Sciences de l’Administration, 36(4), 559–575.
Claessens, S., Djankov, S., Fan, J. P., & Lang, L. H. (2002). Disentangling the incentive and entrenchment effects of large shareholdings. The journal of finance, 57(6), 2741-2771.
Core, J. E., Holthausen, R. W., & Larcker, D. F. (1999). Corporate governance, chief executive officer compensation, and firm performance. Journal of financial economics, 51(3), 371-406.
Cotter, J. F., Shivdasani, A., & Zenner, M. (1997). Do independent directors enhance target shareholder wealth during tender offers?. Journal of financial economics, 43(2), 195-218.
Daadaa, W. (2020). Board characteristics and bank performance in emerging stock markets. International Journal of Business and Emerging Markets, 12(2), 119-132.
Dalton, C. & Dalton, D. (2005). Boards of directors: Utilizing empirical evidence in developing practical prescriptions. British Journal of management, 16(1), 91-97.
Denis, D. K., & McConnell, J. J. (2003). International Corporate Governance. Journal of Financial and Quantitative Analysis, 38(01), 1-36.
Dhamadasa, P., Gamage, P., & Herath, S. K. (2014). Corporate Governance, Board Characteristics and Firm Performance: Evidence from Sri Lanka. South Asian Journal of Management, 21(1), 7-31.
Elsayed, M., Elshandidy, T., & Ahmed, Y. (2022). Corporate failure in the UK: An examination of corporate governance reforms. International Review of Financial Analysis, 82, 102165.
Faleye, O., Hoitash, R., & Hoitash, U. (2011). The costs of intense board monitoring. Journal of Financial Economics, 101(1), 160-181.
Ferreira, A., & Otley, D. (2009). The design and use of performance management systems: An extended framework for analysis. Management accounting research, 20(4), 263-282.
García-Ramos, R., & Díaz, B. D. (2021). Board of directors structure and firm financial performance: A qualitative comparative analysis. Long Range Planning, 54(6), 102017.
Gill, A., & Mathur, N. (2011).Board size, CEO duality, and the value of Canadian Manufacturing firms. Journal of Applied Finance and Banking, 1(3), 1-13.
Gompers, P., Ishii, J., & Metrick, A. (2003). Corporate governance and equity prices. The quarterly journal of economics, 118(1), 107-156.
Gregory, H. J., & Simms, M. E. (1999, October). Corporate governance: what it is and why it matters. In 9th International Anti-Corruption Conference, Kuala Lumpur (pp. 10-15).
Jantadej, K., & Wattanatorn, W. (2020). The effect of corporate governance on the cost of debt: Evidence from Thailand. Journal of Asian Finance, Economics and Business, 7(9), 283–291.
Jensen, M. C., & Ruback, R. S. (1983). The market for corporate control: The scientific evidence. Journal of Financial economics, 11(1-4), 5-50.
John, K., & Senbet, L. W. (1998). Corporate governance and board effectiveness. Journal of banking & Finance, 22(4), 371-403.
Khatib, S. F., & Nour, A. (2021). The impact of corporate governance on firm performance during the COVID-19 pandemic: Evidence from Malaysia. Journal of Asian Finance, Economics and Business, 8(2), 0943-0952.
Kini, O., & Williams, R. (2012). Tournament incentives, firm risk, and corporate policies. Journal of financial economics, 103(2), 350-376.
Klein, A. (1998). Firm performance and board committee structure. The journal of law and Economics, 41(1), 275-304.
Kumar, N., & Singh, J. P. (2013). Effect of board size and promoter ownership on firm value: some empirical findings from India. Corporate Governance: The international journal of business in society, 13(1), 88-98.
Kyere, M., & Ausloos, M. (2021). Corporate governance and firms financial performance in the United Kingdom. International Journal of Finance & Economics, 26(2), 1871-1885.
Kyereboah-Coleman, A., & Biekpe, N. (2006). The relationship between board size, board composition, CEO duality and firm performance: Experience from Ghana. Corporate Ownership and Control, 4(2), 114-122.
Lew, Y. K., Yu, J., & Park, J. Y. (2018). The impacts of independent director and CEO duality on performance in the Chinese post‐institutional‐transition era. Canadian Journal of Administrative Sciences/Revue Canadienne des Sciences de l'Administration, 35(4), 620-634.
Lutfi, L., Silvy, M., & Iramani, R. (2014). The role of board of commissioners and transparency in improving bank operational efficiency and profitability. Journal of Economics, Business, & Accountancy Ventura, 17(1), 81-90.
Makhlouf, M. H., Laili, N. H., Ramli, N. A., & Basah, M. Y. (2017). Board of directors’ effectiveness and firm performance: Evidence from Jordan. Research Journal of Finance and Accounting, 8(18), 23-34.
Matar, M., & Nauimat, Z. (2014). The response of the boards of directors in the distressed Jordanian public shareholding companies to the risk and repercussions of the global financial crisis. Jordan Journal of Business Administration, 10(1).
Matolcsy, Z., & Wright, A. (2011). CEO compensation structure and firm performance. Accounting & Finance, 51(3), 745-763.
Mubeen, R., Han, D., Abbas, J., & Hussain, I. (2020). The effects of market competition, capital structure, and CEO duality on firm performance: A mediation analysis by incorporating the GMM model technique. Sustainability, 12(8), 3480.
Naciti, V. (2019). Corporate governance and board of directors: The effect of a board composition on firm sustainability performance. Journal of Cleaner Production, 237, 117727.
Naseem, M. A., Xiaoming, S., Riaz, S., & Rehman, R. U. (2017). Board attributes and financial performance: the evidence from an emerging economy. The Journal of Developing Areas, 51(3), 281–2.
Nenova, T. (2009). A Corporate Governance Agenda for Developing Countries.Contaduría Y Administración(217).
Pangestuti, I. R. D., Pridarsanti, K. Y., & Robiyanto, R. (2021). Location, working capital, corporate governance, and profitability: the case of Indonesian manufacturing firms. International Journal of Business and Society, 22(2), 881-900.
Peng, M. W. (2004). Outside directors and firm performance during institutional transitions. Strategic management journal, 25(5), 453-471.
Pucheta-Martínez, M. C., & Gallego-Álvarez, I. (2020). Do board characteristics drive firm performance? An international perspective. Review of Managerial Science, 14(6), 1251-1297.
Puni, A., & Anlesinya, A. (2020). Corporate governance mechanisms and firm performance in a developing country. International Journal of Law and Management, 62(2), 147-169.
Qadorah, A. A. M., & Fadzil, F. H. B. (2018). The relationship between board size and CEO duality and firm performance: Evidence from Jordan. International Journal of Accounting, Finance and Risk Management, 3(3), 16-20.
Roffia, P., Simón-Moya, V., & Sendra García, J. (2022). Board of director attributes: effects on financial performance in SMEs. International Entrepreneurship and Management Journal, 18(3), 1141-1172.
Rwegasira, K. (2000). Corporate Governance in Emerging Capital Markets: Whither Africa? Corporate Governance: An International Review, 8(3), 258-267.
Saleh, M. W., Shurafa, R., Shukeri, S. N., Nour, A. I., & Maigosh, Z. S. (2020). The effect of board multiple directorships and CEO characteristics on firm performance: evidence from Palestine. Journal of Accounting in Emerging Economies, 10(4), 637-654.
Salehi, M., Arianpoor, A., & Dalwai, T. (2020). Corporate Governance and Cost of Equity: Evidence from Tehran Stock Exchange. Journal of Asian Finance, Economics and Business, 7(7), 149–158.
Shah, S. Z. A., Butt, S. A., & Saeed, M. M. (2011). Ownership structure and performance of firms: Empirical evidence from an emerging market. African Journal of Business Management, 5(2), 515-523.
Shivdasani, A., & Yermack, D. (1999). CEO involvement in the selection of new board members: An empirical analysis. The journal of finance, 54(5), 1829-1853.
Shleifer, A., & Vishny, R. W. (1997). A survey of corporate governance. The journal of finance, 52(2), 737-783.
Shrivastav, S. M., & Kalsie, A. (2016). The relationship between CEO duality and firm performance: An analysis using panel data approach. IUP Journal of Corporate Governance, 15(2).
Uwuigbe, O. R., & Fakile, A. S. (2012). The effects of board size on financial performance of banks: A study of listed banks in Nigeria. International Journal of Economics and Finance, 4(2), 260-267.
Uyar, A., Kuzey, C., Kilic, M., & Karaman, A. S. (2021). Board structure, financial performance, corporate social responsibility performance, CSR committee, and CEO duality: Disentangling the connection in healthcare. Corporate Social Responsibility and Environmental Management, 28(6), 1730-1748.
Wang, G., DeGhetto, K., Ellen, B. P., & Lamont, B. T. (2019). Board antecedents of CEO duality and the moderating role of country‐level managerial discretion: a meta‐analytic investigation. Journal of Management Studies, 56(1), 172–202
Weisbach, D. A. (2002). An economic analysis of anti‐tax‐avoidance doctrines. American Law and Economics Review, 4(1), 88-115.
Wong, C. W. (2022). The Effects Of Corporate Governance On Firm Performance: Evidence From The Construction Sector (Doctoral dissertation, UTAR).
Yasser, Q. R., Mamun, A. A., & Rodrigs, M. (2017). Impact of board structure on firm performance: evidence from an emerging economy. Journal of Asia Business Studies, 11(2), 210-228.
Yermack, D. (1996). Higher market valuation of companies with a small board of directors. Journal of financial economics, 40(2), 185-211.
Zureigat, B. N., Fadzil, F. H., & Ismail, S. S. S. (2014). The relationship between corporate governance mechanisms and going concern evaluation: evidence from firms listed on Amman stock exchange. Journal of Public Administration and Governance, 4(4), 100-110.
Zureigat, B., Batayneh, R., Al Shbail, A. M., & Al_hazimeh, A. M. (2023). The granger causality of the relationship between corporate social responsibility and corporate performance of listed Jordanian companies. Journal of Research Administration, 5(2), 5665-5681.