The Impact of Board Characteristics on the Financial Performance of Tanzanian Firms
| dc.contributor.author | Assenga, Modest P | |
| dc.date.accessioned | 2022-03-11T09:02:57Z | |
| dc.date.available | 2022-03-11T09:02:57Z | |
| dc.date.issued | 2018-03-31 | |
| dc.description.abstract | Purpose – This paper aims to investigate the impact of board characteristics on the financial performance of listed firms in Tanzania. Board characteristics, including outside directors, board size, CEO/Chair duality, gender diversity, board skill and foreign directors are addressed in the Tanzanian context by applying two corporate governance theories, namely, agency theory and resource dependence theory. Design/methodology/approach – The paper uses balanced panel data regression analysis on 80 firm-years observations (2006-2013) from annual reports, and semi-structured interviews were conducted with 12 key stakeholders. The study uses also a mixed methods approach and applies a convergent parallel design (Creswell and Plano Clark, 2011) to integrate quantitative and qualitative data. Findings – It was found that in terms of agency theory, while the findings support the separation of CEO/ Chairperson roles, they do not support outside directors-financial performance linkage. With regard to resource dependence theory, the findings suggest that gender diversity has a positive impact on financial performance. Furthermore, the findings do not support an association between financial performance and board size, PhD qualification and foreign directors. Practical implications – The study contributes to the understanding of board-performance link and provides academic evidence to policy makers in Tanzania for current and future governance reforms. Originality/value – The findings contribute to the literature by providing new and original insights that, within a developing setting, extend current understanding of the association between corporate governance and financial performance. This is predicated, also, on the use of uncommon mixed methods approach. | en_US |
| dc.identifier.issn | N 1472-0701 | |
| dc.identifier.uri | https://repository.tia.ac.tz/handle/123456789/46 | |
| dc.language.iso | en | en_US |
| dc.publisher | Emerald Publishing Limited | en_US |
| dc.relation.ispartofseries | VOL. 18;NO. 6 | |
| dc.subject | Financial performance, Corporate governance, Board of directors, Tanzania, Board characteristics, Listed firms | en_US |
| dc.title | The Impact of Board Characteristics on the Financial Performance of Tanzanian Firms | en_US |
| dc.type | Article | en_US |