Board Size, Independence and Performance: An Analysis of Thai Banks
32 Pages Posted: 26 Feb 2008 Last revised: 22 Mar 2008
Abstract
This study examines the impact of board size and independent directors on the performance of local commercial banks in Thailand. A panel fixed-effect in the individual regression model is used to examine this relationship over 1999-2003. The results showed a statistically significant negative relation between Thai banks' board size and their performances. In addition, a statistically significant positive relationship was found between the proportion of independent directors on the bank board and performance.
Keywords: Board size, independent directors, Thailand, fixed-effects, panel data, commercial banks, performance
JEL Classification: G21, G34, C13, C22
Suggested Citation: Suggested Citation
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