Title

Board size, independence and performance: an analysis of Thai banks

Date of this Version

9-2007

Document Type

Journal Article

Publication Details

Pathan, S., Skully, M. & Wickramanayake, J. (2007) Board size, independence and performance: an analysis of Thai banks, Asia-Pacific Financial Markets, 14(3), 211-227.

Copyright © Shams Pathan, Michael T. Skully & J. Wickramanayake, 2007.

Abstract

This study examines the impact of board size and independent directors on the performance of local commercial banks in Thailand. A panel fixed-effect in the individual regression model is used to examine this relationship over 1999-2003. The results showed a statistically significant negative relation between Thai banks' board size and their performances. In addition, a statistically significant positive relationship was found between the proportion of independent directors on the bank board and performance.