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Corporate governance and financial performance: The role of ownership and board structure

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  • Paniagua, Jordi
  • Rivelles, Rafael
  • Sapena, Juan

Abstract

This study examines how corporate governance and ownership structure relate to the financial performance of firms. We estimated this relationship using fsQCA. We enhanced our analysis using complementary linear and non-linear multiple regression analysis. The panel data used in this study covered 1207 companies from 59 countries across 19 sectors for the period 2013 to 2015. The study makes two main contributions. First, the multiple empirical techniques employed in this study offer a broader approach to the empirical analysis of financial performance. Second, the study aids our understanding of the role of corporate governance and ownership in the financial performance of firms.

Suggested Citation

  • Paniagua, Jordi & Rivelles, Rafael & Sapena, Juan, 2018. "Corporate governance and financial performance: The role of ownership and board structure," Journal of Business Research, Elsevier, vol. 89(C), pages 229-234.
    • Handle: RePEc:eee:jbrese:v:89:y:2018:i:c:p:229-234
    DOI: 10.1016/j.jbusres.2018.01.060
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