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Relating firm performance to corporate governance characteristics : a research perspective on the publicly listed information technology companies in Australia
journal contributionposted on 06.12.2017, 00:00 authored by Tasadduq ImamTasadduq Imam, Abdullahi AhmedAbdullahi Ahmed, Kevin TickleKevin Tickle
The objective of this research is to relate company performance (in terms of different measures) to corporate governance characteristics (like board size, internal or external majority governance) for the publicly listed information technology (IT) companies in Australia. A sample of 55 such companies are considered. Results reveal that, contrary to the popular belief in respect to positive influence of external board members, performance of the IT companies tend to worse with higher degree of board independence. We attribute the characteristics of these outcomes to the dynamic properties of the IT industrial sector in Australia. Linear regression models relating the performance measures to board characteristics along with other financial information have also been developed. The number of senior management members has been identified as the key board characteristic factor in these models, implying the importance of major internal control over highly independent board for the publicly listed Australian IT companies.