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1 – 2 of 2Seung Hyun Kim, Jae Min Cha, Ronald F. Cichy, Mi Ran Kim and Julie L. Tkach
The purpose of this paper is to explore the effects of the size of the board of directors and board involvement in strategy on financial performance in the private club industry.
Abstract
Purpose
The purpose of this paper is to explore the effects of the size of the board of directors and board involvement in strategy on financial performance in the private club industry.
Design/methodology/approach
Data were collected in a web‐based survey of chief operating officers (COOs) and general managers (GMs) who are members of the Club Managers Association of America (CMAA). Hierarchical regression analysis of data from 360 respondents was used to examine the proposed model.
Findings
The results showed that board members' involvement in strategy and the size of the board of directors have a positive influence on a private club's financial performance.
Research limitations/implications
Further research is indicated to include other board‐related influences such as group composition and the quality of relationships between board members and GMs/COOs to measure a club's financial performance.
Originality/value
The paper contributes to the limited existing literature on the association between a board of directors and financial performance in the private club industry.
Details