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Board director disciplinary and cognitive influence on corporate value creation

Author

Listed:
  • Nadia Ben Farhat Toumi

    (UNS - Université Nice Sophia Antipolis (1965 - 2019))

  • Ramzi Benkraiem

    (Audencia Business School)

  • Amal Hamrouni

    (La Rochelle Business School)

Abstract

Purpose – This paper aims to investigate board director disciplinary and cognitive influence on corporate value creation. Design/methodology/approach – Fixed-effect regressions are used to check whether gender diversity, education, independence and size of the board of directors affect measures of corporate value creation. Findings – The empirical results show that corporate value creation is positively influenced by the cross effect of the board independence and the presence of women. They also point out a positive impact of the cross effect of board independence and management education. They reveal that the board of directors contributes significantly to corporate value creation, particularly when there is a mix of independent, female and management-qualified directors. Originality/value – The evidence presented and discussed in this paper should be of interest to managers and regulators. The methodological approach and the empirical results extend the existing literature. They enrich the limited empirical research devoted to this theme, especially in a continental European context, i.e. France. They shed light on the effect of board of directors' disciplinary and cognitive influence on corporate value creation.

Suggested Citation

  • Nadia Ben Farhat Toumi & Ramzi Benkraiem & Amal Hamrouni, 2016. "Board director disciplinary and cognitive influence on corporate value creation," Post-Print hal-01363698, HAL.
    • Handle: RePEc:hal:journl:hal-01363698
    DOI: 10.1108/CG-09-2015-0123
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    Citations

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    Cited by:

    1. Benkraiem, Ramzi & Boubaker, Sabri & Brinette, Souad & Khemiri, Sabrina, 2021. "Board feminization and innovation through corporate venture capital investments: The moderating effects of independence and management skills," Technological Forecasting and Social Change, Elsevier, vol. 163(C).
    2. Ali Shariff Kabara & Saleh F. A. Khatib & Ayman Hassan Bazhair & Hamid Ghazi H Sulimany, 2022. "The Effect of the Board’s Educational and Gender Diversity on the Firms’ Performance: Evidence from Non-Financial Firms in Developing Country," Sustainability, MDPI, vol. 14(17), pages 1-15, September.
    3. Firas Farhan Jedi & Sabri Nayan, 2018. "An empirical evidence on the effect of women board representation on firm performance of companies listed in Iraq Stock Exchange," Business and Economic Horizons (BEH), Prague Development Center, vol. 14(1), pages 117-131, January.
    4. Ramzi Benkraiem & Amal Hamrouni & Anthony Miloudi & Ali Uyar, 2018. "Access to Finance for French Firms: Do boardroom attributes matter?," Economics Bulletin, AccessEcon, vol. 38(3), pages 1267-1278.
    5. Brinette, Souad & Benkraiem, Ramzi & Khemiri, Sabrina, 2024. "Does directors’ educational background influence financing innovation through corporate venture capital investments? Evidence from France," Finance Research Letters, Elsevier, vol. 60(C).
    6. Tomasz Sosnowski & Anna Wawryszuk-Misztal, 2019. "Diversity on management and supervisory board and accuracy of management earnings forecasts in IPO prospectuses," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 18(3), pages 347-363, September.

    More about this item

    Keywords

    Board of directors; Corporate governance;

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