اثربخشی هیئت مدیره و عملکرد شرکت از شرکت های ذکر شده در کانادا

Using a sample of 699 firm year observations from 2003 to 2009, we find a positive association between the firm's measure of board effectiveness and the firm's contemporaneous and future market measure of performance, Tobin's Q. The results hold across a number of econometric models that control for different types of endogeneities.