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Growing Science » Accounting » The impact of firm’s life-cycle on board composition: Evidence from Vietnam's listed firms

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Accounting

ISSN 2369-7407 (Online) - ISSN 2369-7393 (Print)
Quarterly Publication
Volume 6 Issue 6 pp. 1065-1070 , 2020

The impact of firm’s life-cycle on board composition: Evidence from Vietnam's listed firms Pages 1065-1070 Right click to download the paper Download PDF

Authors: Duc Huy Pham, Quoc Viet Pham

DOI: 10.5267/j.ac.2020.7.013

Keywords: CEO duality, Board independence, Board size, Board composition, Firm’s life-cycle, Vietnam listed firms

Abstract: We examine the impact of the firm’s life-cycle on board composition of Vietnam's listed firms. The data is balanced and covered over the period 2012-2018 for 442 Vietnam listed firms. We use a fixed-effects regressions analysis to examine the effect of a firm's life-cycle (Lifecycle), and dummy variables of firm's life-cycle (Growth, Mature, Decline) on the board composition (board size, board independence, CEO duality). Our findings show the board composition of Vietnam’s listed firms tends to decrease with the firm's life-cycle. Therefore, the firms need to adjust board composition to a proper level promptly to improve their competitiveness, and consider the supervisory function of the board members is not enough positive in the life-cycle of the firms.

How to cite this paper
Pham, D & Pham, Q. (2020). The impact of firm’s life-cycle on board composition: Evidence from Vietnam's listed firms.Accounting, 6(6), 1065-1070.

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Journal: Accounting | Year: 2020 | Volume: 6 | Issue: 6 | Views: 1370 | Reviews: 0

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