| dc.description.abstract | This paper investigates the relationship between Board of Directors’ characteristics and firm performance of 21 service listed companies on Vietnam Stock Market (HNX & HOSE) between 2012 and 2015. The examined characteristics of Board of Director’s in this research are CEO Duality, Board size, Average Age of Board Members, Gender diversity and Board of Directors members’ ownership. The Ordinary Least Square regression model was used to estimate the relationship between firm performance measure (using Return on Asset) and the independent variables. Findings from the study reveal that Average age of Board members and Board members’ Ownership are positively and statistically correlated with company performance. CEO Duality, Board Size and Gender Diversity, on the other hand, have no significant effect on firm performance. This study might help decision-makers and potential investors of public listed companies to have a more profound understanding of the composition of a successful Board of Directors, hence improve company performance through better consideration and appointment of corporate board.
Keywords: Corporate Governance, Board of Directors characteristics, firm performance, Ordinary Least Square Model (OLS), Vietnam public listed firms, service sector | en_US |
