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Ray McNamara

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Full-Text Articles in Business

Effective Corporate Monitoring: Independence, Motivation And Means, Lyndal Drennan, Simone Kelly, Ray Mcnamara, Michelle Martin Jul 2014

Effective Corporate Monitoring: Independence, Motivation And Means, Lyndal Drennan, Simone Kelly, Ray Mcnamara, Michelle Martin

Ray McNamara

A feature of the literature on the role of Boards of Directors is the mixed and contradictory findings. This research used continuous listing compliance as a measure of Board performance. A matched pairs design was employed, using governance data on 30 board attributes for firms listed on the Australian Stock Exchange from 1992 to 2000. Factor analysis was used to identify constructs associated with Board composition and firm performance. Discriminant analysis confirmed that the resultant model of performance was a significant predictor of firms’ ability to maintain continuous listing compliance. Neither the independence nor assembled knowledge variables were separately significant. …