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Effects of Board Structure on Firm Performance: A Comparison Between Japan and Australia

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This article compares the effects of board size, proportion of female directors, proportion of outside directors and average age of directors on firm performance in Japanese and Australian firms. We found that board size and age of directors were negatively associated with the performance of Japanese firms. For Australian firms, outsider ratio and female director ratio were positively associated with performance.Asian Business & Management (2004) 3, 105–125. doi:10.1057/palgrave.abm.9200068

Document Type: Research Article


Affiliations: 1: aGraduate School of Management, Griffith University, PMB 50 Gold Coast Mail Centre, Queensland 9726, Australia., Email: 2: bSchool of Business, Singapore Management University, 469 Bukit Timah Road, Singapore 259756, Singapore., Email: 3: cLally School of Management and Technology, Rensselaer Polytechnic Institute, 1108th St., Troy, New York 12180-3590, NY, USA., Email:

Publication date: March 1, 2004


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