Corporate board tenure and firm performance: Evidence from non-financial UK firms.
This study focuses on empirical estimation of the relationship between corporate board tenure and firm performance. Firm performance is measured by return on assets (ROA) and Tobin’s Q. The sample consists of 177 non-financial UK firms observed over 9 years (unbalanced panel). The relevant literature implies agency costs inherent in the modern corporation’s organisational structure as well as the
