Access the full text.
Sign up today, get DeepDyve free for 14 days.
Loading next page...
/lp/inderscience-publishers/board-characteristics-and-banks-foreign-shareholdings-evidence-on-J98gKel60m
- Publisher
- Inderscience Publishers
- Copyright
- Copyright © Inderscience Enterprises Ltd
- ISSN
- 1751-200X
- eISSN
- 1751-2018
- DOI
- 10.1504/IJBSR.2022.119600
- Publisher site
- See Article on Publisher Site
Abstract
This research studies the effect of board characteristics such as board size, board diligence, and board committees on attracting banks' foreign shareholders. Using partial least squares-structural equation modelling, the most appropriate statistical method for this research, we consider the variables of monitoring quality and the attraction of foreign investors as well as several control variables. The sample used in this research includes all banks operating in Portugal in the two periods of analysis (2011-2014 and 2015-2018). This study finds that monitoring quality has a small negative effect on attracting foreign investors and that foreign investors are not particularly interested in corporate governance. It thus provides important implications for decision-makers, demonstrating that caution is needed when proposing measures and policies.
Journal
International Journal of Business and Systems Research – Inderscience Publishers
Published: Jan 1, 2022