TY  - JOUR
AB  - Purpose This paper aims to examine the relation between CEO board membership and firm performance.Design/methodology/approach This paper investigates the relationship between firm performance and CEO board membership, applying two-stage least squares, propensity score matching and correcting for self-selection bias across a unique sample of publicly listed New Zealand firms that demonstrate a definitive variation in CEO board membership.Findings This study finds that CEO board membership has a positive impact on firm performance, and these benefits are greater for more complex firms.Research limitations/implications Firms with CEOs independent of the board are associated with lower firm performance. The results are consistent with CEO board members providing an important information transfer mechanism to the board, resulting in an increase in average firm performance. This benefit is greater for larger firms with more business segments.Originality/value The paper tests for the impact of CEO board membership using a data set that demonstrates a definitive variation in CEO board membership.
VL  - 30
IS  - 3
SN  - 0114-0582
DO  - 10.1108/PAR-05-2017-0037
UR  - https://doi.org/10.1108/PAR-05-2017-0037
AU  - Li Michelle
AU  - Roberts Helen
PY  - 2018
Y1  - 2018/01/01
TI  - CEO board membership: implications for firm value
T2  - Pacific Accounting Review
PB  - Emerald Publishing Limited
SP  - 352
EP  - 370
Y2  - 2024/09/22
ER  -