88267 20211122141543.0 doi 10.3390/su11247121 sideral 116449 ART-2019-116449 eng Zubeltzu-Jaka, Eugenio Independent directors and organizational performance: New evidence from a meta-analytic regression analysis 2019 Access copy available to the general public Unrestricted This 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. info:eu-repo/grantAgreement/ES/MINECO/ECO2016-74920-C2-1-R info:eu-repo/semantics/openAccess by http://creativecommons.org/licenses/by/3.0/es/ 2.576 2019 ENVIRONMENTAL SCIENCES 120 / 265 = 0.453 2019 Q2 T2 ENVIRONMENTAL STUDIES 53 / 123 = 0.431 2019 Q2 T2 GREEN & SUSTAINABLE SCIENCE & TECHNOLOGY 26 / 41 = 0.634 2019 Q3 T2 GREEN & SUSTAINABLE SCIENCE & TECHNOLOGY 6 / 8 = 0.75 2019 Q3 T3 0.581 2019 Energy Engineering and Power Technology 2019 Q2 Environmental Science (miscellaneous) 2019 Q2 Renewable Energy, Sustainability and the Environment 2019 Q2 Management, Monitoring, Policy and Law 2019 Q2 Geography, Planning and Development 2019 Q2 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Ortas, Eduardo Universidad de Zaragoza (orcid)0000-0001-5582-3694 Álvarez-Etxeberria, Igor 4002 230 Universidad de Zaragoza Dpto. Contabilidad y Finanzas Área Economía Finan. y Contab. 11, 24 (2019), 7121 [25 pp.] Sustainability (Basel) Sustainability (Basel) 2071-1050 548610 http://zaguan.unizar.es/record/88267/files/texto_completo.pdf Versión publicada 460948 http://zaguan.unizar.es/record/88267/files/texto_completo.jpg?subformat=icon icon Versión publicada oai:zaguan.unizar.es:88267 articulos driver 2021-11-22-14:07:09 ARTICLE