000088267 001__ 88267
000088267 005__ 20211122141543.0
000088267 0247_ $$2doi$$a10.3390/su11247121
000088267 0248_ $$2sideral$$a116449
000088267 037__ $$aART-2019-116449
000088267 041__ $$aeng
000088267 100__ $$aZubeltzu-Jaka, Eugenio
000088267 245__ $$aIndependent directors and organizational performance: New evidence from a meta-analytic regression analysis
000088267 260__ $$c2019
000088267 5060_ $$aAccess copy available to the general public$$fUnrestricted
000088267 5203_ $$aThis study not only revisits, from a meta-analytic perspective, the influence of firms'' boardroom independence on corporate financial performance, but also addresses the way that countries'' social and institutional contexts moderate that connection. A meta-regression covering 126 independent samples reveals that firms'' boardroom independence has a positive and negative effect on accounting and market-based measures of corporate financial performance, respectively. Further analyses reveal that while the firms'' board independence-financial performance connection is stronger in non-communitarian societies, that relationship becomes weaker in countries with greater developed mechanisms to protect the interest of minority investors. These results are robust to different model specifications and to the presence of a set of methodological control variables. Our results are of outstanding relevance for companies'' board composition processes by suggesting the way that corporations should actively re-balance the proportion of independent directors across different social and institutional contexts to ensure their financial success.
000088267 536__ $$9info:eu-repo/grantAgreement/ES/MINECO/ECO2016-74920-C2-1-R
000088267 540__ $$9info:eu-repo/semantics/openAccess$$aby$$uhttp://creativecommons.org/licenses/by/3.0/es/
000088267 590__ $$a2.576$$b2019
000088267 591__ $$aENVIRONMENTAL SCIENCES$$b120 / 265 = 0.453$$c2019$$dQ2$$eT2
000088267 591__ $$aENVIRONMENTAL STUDIES$$b53 / 123 = 0.431$$c2019$$dQ2$$eT2
000088267 591__ $$aGREEN & SUSTAINABLE SCIENCE & TECHNOLOGY$$b26 / 41 = 0.634$$c2019$$dQ3$$eT2
000088267 592__ $$a0.581$$b2019
000088267 591__ $$aGREEN & SUSTAINABLE SCIENCE & TECHNOLOGY$$b6 / 8 = 0.75$$c2019$$dQ3$$eT3
000088267 593__ $$aEnergy Engineering and Power Technology$$c2019$$dQ2
000088267 593__ $$aEnvironmental Science (miscellaneous)$$c2019$$dQ2
000088267 593__ $$aRenewable Energy, Sustainability and the Environment$$c2019$$dQ2
000088267 593__ $$aManagement, Monitoring, Policy and Law$$c2019$$dQ2
000088267 593__ $$aGeography, Planning and Development$$c2019$$dQ2
000088267 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion
000088267 700__ $$0(orcid)0000-0001-5582-3694$$aOrtas, Eduardo$$uUniversidad de Zaragoza
000088267 700__ $$aÁlvarez-Etxeberria, Igor
000088267 7102_ $$14002$$2230$$aUniversidad de Zaragoza$$bDpto. Contabilidad y Finanzas$$cÁrea Economía Finan. y Contab.
000088267 773__ $$g11, 24 (2019), 7121 [25 pp.]$$pSustainability (Basel)$$tSustainability (Basel)$$x2071-1050
000088267 8564_ $$s548610$$uhttps://zaguan.unizar.es/record/88267/files/texto_completo.pdf$$yVersión publicada
000088267 8564_ $$s460948$$uhttps://zaguan.unizar.es/record/88267/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada
000088267 909CO $$ooai:zaguan.unizar.es:88267$$particulos$$pdriver
000088267 951__ $$a2021-11-22-14:07:09
000088267 980__ $$aARTICLE