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Article
Effective corporate monitoring: Independence, motivation and means
International Review of Business Research Papers
  • Lyndal Drennan, James Cook University
  • Simone Kelly, Bond University
  • Ray McNamara, Bond University
  • Michelle Martin, James Cook University
Date of this Version
7-1-2012
Document Type
Journal Article
Publication Details

Published version

Drennan, L., Kelly, S., McNamara, R., & Martin, M. (2012). Effective corporate monitoring: Independence, motivation and means. International Review of Business Research Papers (Online), 8(5), 65-84. ISSN: 1832-9543

Access the journal

2012 HERDC submission. FoR code: 150101; 150303

© Copyright World Business Institute, 2012

Abstract

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. Variables capturing directors’ motivation to monitor, and board cohesiveness were significant.

Citation Information
Lyndal Drennan, Simone Kelly, Ray McNamara and Michelle Martin. "Effective corporate monitoring: Independence, motivation and means" International Review of Business Research Papers Vol. 8 Iss. 5 (2012) p. 65 - 84
Available at: http://works.bepress.com/simone_kelly/14/