Title :
Board composition and performance of tourism firms: Evidence from panel data of listed tourism firms in China
Author :
Tan, Qing-mei ; Gong, Wei-wei ; Ma, Ming-ze
Author_Institution :
Coll. of Manage. & Econ., Tianjin Univ., Tianjin, China
Abstract :
This paper investigates the impact that board composition has on firm performance in a sample of listed tourism firms in China during the period 1992-2009. The results show that there is significantly negative relationship between Tobin´s Q and CEO duality, while there is no statistically significant relationship between ROA and CEO duality. Board size has strong negative impacts on both Tobin´s Q and ROA, while board independence has positive influence on both Tobin´s Q and ROA of tourism firms.
Keywords :
travel industry; CEO duality; China; ROA duality; Tobin Q duality; board composition; listed tourism firm performance; Bismuth; Board of Directors; Correlation; Economics; Marketing and sales; Q measurement; Size measurement; Tobin´s Q; Tourism firms; board composition; return on asset;
Conference_Titel :
Industrial Engineering and Engineering Management (IE&EM), 2011 IEEE 18Th International Conference on
Conference_Location :
Changchun
Print_ISBN :
978-1-61284-446-6
DOI :
10.1109/ICIEEM.2011.6035405
