Publikacja:

Structuring Corporate Boards: Some Facts and Determinants from the Macedonian Setting

Data

2020
Artykuł
Przeszukaj czasopismo Uproszczony widok Pełne metadane Statystyki
 
cris.legacyid5729
cris.virtual.journalance#PLACEHOLDER_PARENT_METADATA_VALUE#
cris.virtualsource.journalancedc92c553-0411-4522-97d5-b7ef33169392
dc.abstract.plPurpose: Knowing the factors that might affect board structure is an important step in understanding boards and their role in corporate governance. This research aims to examine the effect of firm characteristics closely related to corporate governance mechanisms, such as the model of corporate governance, shareholder capital concentration, and stock exchange listing on board structure variables (size, independence, and gender diversity). Methodology: The sample of this study stems from large Macedonian joint-stock companies. We run a hierarchical linear regression of board characteristics on common demographic firm characteristics as control variables and contextual firm characteristics related to corporate governance mechanisms as independent variables. Findings: Joint-stock companies in the Republic of North Macedonia have relatively small boards, which provide no positive effects that would originate from the larger number of board members. Moreover, the number of outside independent members is small, insufficient to influence the boards with greater objectivity, independence, and quality. Larger companies with a one-tier model have statistically significant larger corporate boards and a larger number of independent directors. Implications: The best corporate governance practices worldwide must be used as a basis for future improvements of corporate governance in joint-stock companies in developing economies.
dc.contributor.authorBobek Suklev
dc.contributor.authorStojan Debarliev
dc.contributor.authorLjubomir Drakulevski
dc.contributor.orcid#PLACEHOLDER_PARENT_METADATA_VALUE#
dc.contributor.orcidhttps://orcid.org/0000-0003-4557-8204
dc.date.accessioned2025-07-25T16:02:00Z
dc.date.available2025-07-25T16:02:00Z
dc.date.issued2020
dc.date.published07.2020
dc.description.issue2
dc.description.physical57-82
dc.description.volume28
dc.identifier.doi10.7206/cemj.2658-0845.22
dc.identifier.issn2658-0845
dc.identifier.urihttps://repozytorium.kozminski.edu.pl/handle/item/1646
dc.languageen
dc.relation.ispartofCentral European Management Journal
dc.relation.pages57-82
dc.rightsCC-BY-4.0
dc.subjectcorporate governance
dc.subjectfirm characteristics
dc.subjectboard size
dc.subjectboard independence
dc.subjectboard diversity
dc.subtypeOriginal
dc.title

Structuring Corporate Boards: Some Facts and Determinants from the Macedonian Setting

dc.typeArticle
dspace.entity.typePublication