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Published since 2002
Frequency: 4 issues per year
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Issue 2, 2013

Berezinets I. V., Ilina Yu. B. Cherkasskaya A. D. Board Structure and Financial Performance of Russian Public Companies.

Board of directors as an internal mechanism of corporate governance is a well studied area of research. Many studies prove that the structure of corporate boards has an impact on a companys financial performance. This article investigates the relationship between the structure of the board of directors and financial performance of Russian public companies, measured by the market-based indicator Tobins Q. The study sample includes 207 Russian companies that were traded at the RTS through the period 20072011. The research concludes that there is a relationship between the size of the corporate board, gender diversity of the board and Tobins Q. The authors did not find a relation between the number of independent directors and Tobins Q. It was found that the presence on the board of audit committee, remuneration committee, and strategy committee doesnt imply the difference in financial performance with companies where those committees are not presented. Keywords: corporate governance, board of directors, financial performance, Tobins Q.

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Released: Issue 1, 2018
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