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Board size and performance of small firms: a meta-analysis

Li, Yongqiang, Du, Miaoli, Armstrong, Anona and Clarke, Andrew (2012) Board size and performance of small firms: a meta-analysis. In: 26th Australian and New Zealand Academy of Management Conference : managing for volatility and instability. Soontiens, Werner, ed. Australia and New Zealand Academy of Management , Perth.

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Abstract

The extant literature has reached no consensus on the correlation of board size and performance in small firms. We applied a HOMA meta-analytic procedure based on 29 empirical articles, representing a maximum of 151 effect sizes and total of 279194 firm-year observations. Contrary to the literature for large corporations, we find a positive correlation between board size and firm performance. To count for methodological and multi-measure heterogeneity, we applied a Feasible Generalised Least Squares (FGLS) estimator in the Meta-analytic regression. Regression results show that four publication-related mediating factors, eg. published or not, cross-sectional or panel data, and survey or secondary data. Such findings can be used for the estimation of effect size between board size and performance in future research. --26th ANZAM conference held: 5 - 7 December, 2012, at Perth Convention and Exhibition Centre.

Item Type: Book Section
ISBN: 9780987415806
Uncontrolled Keywords: ResPubID26247, ResPubID26643, meta-analysis, board size, financial performance, small firms, businesses, FGLS
Subjects: FOR Classification > 1503 Business and Management
SEO Classification > 9104 Management and Productivity
Faculty/School/Research Centre/Department > College of Law and Justice
Depositing User: Ms Phung.T Tran
Date Deposited: 04 Apr 2014 00:26
Last Modified: 12 Dec 2014 05:24
URI: http://vuir.vu.edu.au/id/eprint/24086
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