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Directors characteristics and stock market performance in Canada

Author

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  • Michel Sayumwe

    (University of Quebec, Montreal. Canada)

  • Boudjemaa Amroune

    (University of Quebec, Montreal. Canada)

Abstract

We examine the effect of the characteristics of board of directors on the stock market performance in Canadian settings. Our sample includes fifty of the largest corporations listed on the Toronto Stock Exchange at the end of December 2013 for the period of 2009 to 2013 for the sub-groups of S&P/TSX Composite Index-60. Our results show that the size of the board, remuneration of directors and disclosure of financial information in terms of book value per share and earnings per share, contribute to market performance of firms in S&P/TSX Composite Index-60 listing. Classification JEL: A12 ; G22; G38

Suggested Citation

  • Michel Sayumwe & Boudjemaa Amroune, 2017. "Directors characteristics and stock market performance in Canada," Journal of Economic and Financial Studies (JEFS), LAR Center Press, vol. 5(1), pages 1-15, February.
    • Handle: RePEc:lrc:lareco:v:5:y:2017:i:1:p:1-15
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    References listed on IDEAS

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    More about this item

    Keywords

    Board of directors; Market performance; Toronto Stock Exchange;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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