The effect of the board of directors’ characteristics on the performance of French companies listed on the (CAC 40) Index during 2015-2017
DOI:
https://doi.org/10.54960/jfcg.v2i2.23Keywords:
Corporate Governance, Board of Directors, Firm Performance, CAC 40Abstract
This study aims to examine the impact of characteristics of the board of directors on the performance of non-financial French companies listed on the (CAC 40) index during the period 2015-2017. We estimated the firm performance using two types of measures (the accounting and market measures). The findings of the study show that the percentage of independent directors and CEO duality had a negative impact on the performance, which is consistent with the stewardship theory and agency theory respectively, the results also show that there is a significant negative relationship between the number of the board of directors’ meetings and the firm performance.
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