Professional Board Members and Firm＇s Performance  

作　　者：Salman Afkhami Rad Stuart Locke Krishna Reddy 

机构地区：[1]University of Waikato, Hamilton, New Zealand

出　　处：《Journal of Modern Accounting and Auditing》2012年第9期1338-1345,共8页现代会计与审计（英文版）

摘　　要：This paper explores the connection between company director membership of a professional institute of directors and the financial performance of their companies. Prior research has established links between various governance variables and financial performance, and this study extends this work to the realm of professional directors. It is timely in New Zealand to ask whether directors need to be members of a professional body as the financial markets authority is now prosecuting directors of failed companies and has promulgated new regulations concerning the offering of financial advice. Would directors who are bound by an ethics code and committed to ongoing professional development be good for shareholders？ The issue whether membership enhances financial performance is addressed in this paper. An ordinary least square regression was employed and a statistically significant positive relationship among boards that had institute of director （IOD） members and financial performance was found.

关 键 词：institute of director （IOD） corporate governance board of directors and financial performance 

分 类 号：F832.5[经济管理—金融学] TN405[电子电信—微电子学与固体电子学]