CEU Electronic Theses and Dissertations, 2014
| Author | Bublykova, Polina |
|---|---|
| Title | The Impact of Board Size on Firm Performance: Evidence from Hungary |
| Summary | This thesis evaluates the relationship between board size and firm performance among Hungarian joint-stock companies over the period 1992-2011. The results provide evidence of negative impact of board size on firm financial performance proxied by return on assets (ROA). The adverse impact of hiring an additional director to Supervisory Board is much stronger than an additional director to the Management Board, suggesting that costs of having an additional director in Supervisory Board significantly overwhelm benefits from his/her contribution to a company. The impact of board size on performance in large companies is much smaller and close to zero compared to small companies, which can be explained by the fact that large companies need expert advice provided by large boards. Moreover, the findings show that Hungarian companies consider Management Board and Supervisory Board as two separate and fully functioning organs that cannot substitute each other. |
| Supervisor | Telegdy, Almos |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2014/bublykova_polina.pdf |
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