Waseda Organizational and Financial Economics Seminar:
” Does Board Independence Influence Financial Performance in IPO Firms? The Moderating Role of the National Business System. “(6/5)
講演者 / Speaker
Alessandro ZATTONI 
（ Professor, Department of Business and Management, LUISS University, Italy）
日 時 / Date & Time
2017年6月5日（月）13:00～14:30
会 場 / Venue
早稲田大学 早稲田キャンパス 11号館 11階 1109教室
主 旨 / Outline
” Does Board Independence Influence Financial Performance in IPO Firms? The Moderating Role of the National Business System. ”
Prior evidence suggests that board independence may enhance financial performance, but this relationship has been tested almost exclusively for Anglo-American countries.
To explore the boundary conditions of this prominent governance mechanism, we examine the impact of the formal and information institutions of 18 national business systems (Whitley, 1999) on the board independence-financial performance relationship.
Our results show that while the direct effect of independence is weak, national-level institutions significantly moderate the independence-performance relationship.
Our findings suggest that the efficacy of board structures is likely to be contingent on the specific national context, but the type of legal system is insignificant.
プログラム / Schedule
13：00 開会の挨拶（宮島 英昭 早稲田大学 高等研究所長 ／ 商学学術院 教授）
13：05 講演
14：05 質疑応答
14：25 閉会の挨拶（宮島 英昭）
対 象 / Prospected Audience
学部生・大学院生・研究者・教職員 等
主 催 / Organizer
早稲田大学 産業経営研究所
早稲田大学 高等研究所
申込み / Registration
事前申込み不要です。直接会場にお越しください。
