Publication Type

Master Thesis

Publication Date

2011

Abstract

Using a unique dataset consisting of firms listed on the Singapore Exchange, I show that there is a positive relation between firm value and board size. Consistent with previous literature on board structure, firm value decreases as the proportion of insiders on the board increases. Firm size, age and ownership structure are crucial factors determining the size and composition of boards.

Keywords

board structure, firm value, board composition

Degree Awarded

MSc in Finance

Discipline

Business Administration, Management, and Operations | Finance and Financial Management

Supervisor(s)

Goh, Jeremy

Copyright Owner and License

Blk 850, Hougang Central, #10-55 Singapore 530850

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