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Board Size, Independence and Performance: An Analysis of Thai Banks

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Abstract

This study examines the impact of board size and independent directors on the performance of local commercial banks in Thailand. A panel fixed-effect in the individual regression model is used to examine this relationship over 1999–2003. The results showed a statistically significant negative relation between Thai banks’ board size and their performances. In addition, a statistically significant positive relationship was found between the proportion of independent directors on the bank board and performance.

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Authors and Affiliations

  1. Department of Accounting and Finance, Monash University, P.O. Box 197, Caulfield East, Victoria, 3145, Australia

    Shams Pathan, Michael Skully & J. Wickramanayake

Authors
  1. Shams Pathan
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  2. Michael Skully
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  3. J. Wickramanayake
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Correspondence to Michael Skully.

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Pathan, S., Skully, M. & Wickramanayake, J. Board Size, Independence and Performance: An Analysis of Thai Banks. Asia-Pacific Finan Markets 14, 211–227 (2007). https://doi.org/10.1007/s10690-007-9060-y

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