131145 20260116073124.0 doi 10.1504/IJBGE.2026.150422 sideral 136732 ART-2026-136732 eng (orcid)0000-0001-5068-8438 Acero Fraile, Isabel Universidad de Zaragoza Board of directors and firm performance: a dynamic approach 2026 Access copy available to the general public Unrestricted This paper analyses how board structure influences firm performance, considering the effect of dynamic endogeneity. For a sample of listed Spanish firms, the study did not find that board structure had any effect on the value of the firm, when controlling for dynamic endogeneity. The research results show the need to use appropriate econometric techniques (dynamic models) to avoid obtaining incorrect or biased results. They also show that each firm must determine the size and structure of the board given its own advice and control needs. info:eu-repo/grantAgreement/ES/DGA/S52-23R info:eu-repo/grantAgreement/ES/MICINN/PID2021-123154NB-I00 info:eu-repo/semantics/openAccess All rights reserved http://www.europeana.eu/rights/rr-f/ 0.257 2023 Business and International Management 2023 Q3 Strategy and Management 2023 Q3 Organizational Behavior and Human Resource Management 2023 Q3 1.9 2023 info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion (orcid)0000-0003-4767-913X Alcalde, Nuria Universidad de Zaragoza 4012 650 Universidad de Zaragoza Dpto. Direcc.Organiza.Empresas Área Organización de Empresas 20, 1 (2026), 48-67 International Journal of Business Governance and Ethics 1477-9048 630785 http://zaguan.unizar.es/record/131145/files/texto_completo.pdf Postprint info:eu-repo/date/embargoEnd/2025-03-02 1428608 http://zaguan.unizar.es/record/131145/files/texto_completo.jpg?subformat=icon icon Postprint info:eu-repo/date/embargoEnd/2025-03-02 oai:zaguan.unizar.es:131145 articulos driver 2026-01-15-12:57:39 ARTICLE