Journal of
Economics and International Finance

  • Abbreviation: J. Econ. Int. Finance
  • Language: English
  • ISSN: 2006-9812
  • DOI: 10.5897/JEIF
  • Start Year: 2009
  • Published Articles: 363

Full Length Research Paper

The board of directors and the financial performance of the Senegalese public service companies

Babacar FAYE
  • Babacar FAYE
  • Institut Supérieur de Formation Agricole et Rurale, Alioune DIOP University, Bambey, Senegal.
  • Google Scholar
Sadibou SOW
  • Sadibou SOW
  • Institut Supérieur de Formation Agricole et Rurale, Alioune DIOP University, Bambey, Senegal.
  • Google Scholar
Mouhamed El Bachir WADE
  • Mouhamed El Bachir WADE
  • School of Economics and Management (FASEG), Cheikh Anta DIOP University of Dakar, Senegal.
  • Google Scholar


  •  Received: 04 August 2020
  •  Accepted: 16 October 2020
  •  Published: 31 October 2020

References

Adams RB, Ferreira D (2009). Women in the boardroom and their impact on Governance and performance. Journal of Financial Economics 94:291-309.
Crossref

 

Agrawal A, Knoeber CR (1996). Firm Performance and Mechanisms to Control Agency Problems between Managers and Shareholders, Journal of Financial and Quantitative Analysis 31:377-397.
Crossref

 
 

Anderson RC, Mansi SA, Reeb DM (2004). Board characteristics, accounting report integrity and the cost of debt. Journal of Accounting and Economics 37:315-342.
Crossref

 
 

Andrés P, Azofra V, López FJ (2005). Corporate Boards in some OECD countries: Size composition, functioning and effectiveness. Corporate Governance: An International Review 13(2):197-210.
Crossref

 
 

Bauer R, Nadja G, Roger O (2004). Empirical Evidence on Corporate Governance in Europe: The Effect on Stock Returns, Firm Value and Performance». Journal of Asset Management 5:91-104.
Crossref

 
 

Beasley MS, Carcello JV, Hermanson DR, Lapides PD (2000). Fraudulent Financial Reporting: Consideration of Industry Traits and Corporate Governance Mechanisms. Accounting Horizons 14(4):441-454.
Crossref

 
 

Brown L, Caylor M (2004). Corporate governance and firm performance. Working paper.
Crossref

 
 

Cabinet McKinsey and Company (2007). Rapport 2007. 

View

 
 

Charreaux G (1991). Structure de propriété, relation d'agence et performance financière. Revue Économique, pp.521-552.
Crossref

 
 

Charreaux G (2000). Le conseil d'administration dans les théories de la gouvernance, Centre de Recherche en Finance, Architecture et Gouvernance des Organisations, Université de Bourgogne.

 
 

Conyon M, Peck SI (1998). Recent Developments in UK Corporate Governance'. in T Buxton, P Chapman and P Temple (eds), Britain's Economic Performance. 2nd edition, Routledge, London, pp. 253-277.

 
 

Donaldson L, Davis JH (1989). CEO governance and shareholder returns: Agency theory and stewardship theory, Paper presented at the annual meeting of the Academy of Management, Washington DC.

 
 

Enron (2001). Stories: Enron ou l'histoire d'une faillite retentissante. 

View

 
 

Fama EF, Jensen MC (1983). Agency problems and residual claims. Journal of Law and Economics 26(2):327-349.
Crossref

 
 

Farrell KA, Hersch PL (2005). Additions to Corporate Boards: The effect of Gender. Journal of Corporate Finance 11(1-2):85-106.
Crossref

 
 

Godard (1998). Les déterminants du choix entre un conseil d'administration et un conseil de surveillance. Finance Contrôle Stratégie, - 

View

 
 

Guest PM (2009). The impact of the board size on firm performance: evidence from the U.K, European Journal of Finance 15:385-404.
Crossref

 
 

Jensen MC, Fama EF (1983). Separation of ownership and control. The journal of law and Economics, - 

View

 
 

Hausman JA (1978). Specification tests in econometrics. Econometrica: Journal of the econometric society. pp.1251-1271.
Crossref

 
 

Jensen MC, Meckling WH (1976). Theory of the firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics 3(4):305-360.
Crossref

 
 

Jensen MC (1993). The modern industrial revolution, exit the failure of internal control systems. Journal of Finance 48:831-880.
Crossref

 
 

Kanter RM (1977). Some effects of proportions on group life: Skewed Sex Ratio and Responses to Token women. American Journal of Sociology, pp. 965-990.
Crossref

 
 

Kaymak T, Bektas E (2008). L'impact de l'indépendance et de la dualité du conseil d'administration. 

View

 
 

Khalfaoui H (2005). Libération financière: impacts et conditions de réussite, un essai d'application pour les pays du Maghreb. 

 
 

Kiel GC, Nicholson GJ (2003). Board Composition and Corporate Performance: how the Australian experience informs contrasting theories of corporate governance. Corporate Governance: An International Review 11:189-205.
Crossref

 
 

Klein A (1998). Firm Performance and Board Committee Structure, Journal of Law and Economics 41:275-303.
Crossref

 
 

Kochan T, Bezrukova K, Ely R, Jackson S, Joshi A, Jehn K, ... Thomas D (2003). The effects of diversity on business performance: Report of the diversity research Network, Human's Resource Management, Spring 2003, 42(1):3-21.
Crossref

 
 

Leblanc R, Gillies J (2004). Improving Board Decision-Making: An Inside View Alternatives Beyond Imagination, Company Directors Conference, Port Douglas, Queensland, AICD.

 
 

Levin A, Lin CF (1992). Unit Root Test in Panel Data: Asymptotic and Finite Sample Properties», University of California at San Diego, Discussion Paper No. 92-93.

 
 

Levin A, Lin CF (1992). Unit Root Test in Panel Data: Asymptotic and Finite Sample Properties, University of California at San Diego, Discussion Paper No. 92-93.

 
 

Linck J, Netter J, Yang T (2006). A large sample study on board changes and determinants of board structure. Working Paper, University of Georgia.
Crossref

 
 

Louizi A (2011). Les déterminants d'une. Bonne Gouvernance et la performance des entreprises Françaises: Études empiriques, Thèse de doctorat en Sciences de gestion, Université Jean Moulin Lyon 3.

 
 

Im KS, Pesaran MH, Shin Y (1997). Testing for Unit Roots in Heterogenous Panels, DAE, Working Paper 9526, University of Cambridge.

 
 

Im KS, Pesaran MH, Shin Y (1997). Testing for Unit Roots in Heterogenous Panels», DAE, Working Paper 9526, University of Cambridge.

 
 

OHADA (1997). Acte Uniforme relatif au Droit des Sociétés Commerciales et du Groupement d'Intérêt Economique, Ed. Comptables et Juridiques, Dakar.

 
 

Omri A, Mehri B (2003). Performance des Entreprises Tunisiennes. 

View

 
 

Pfeffer J, Salanick GR (1978). A social information processing approach to job attitudes, Administrative science quarterly, JSTOR.
Crossref

 
 

Singh V, Terjesen S, Vinnicombe S (2008). Newly appointed directors in the boardroom: How do women and men differ? European Management Journal 26:48-58.
Crossref

 
 

Tobin J (1969). Une approche d'équilibre général de la théorie monétaire, Journal of Money, Credit and Banking, JSTOR.

 
 

Triki M, Bouaziz Z (2012). L'impact de la présence des comités d'audit sur la performance financière des entreprises tunisiennes.

 
 

Wintoki MB (2007). Endogeneity and the Dynamics of Corporate Governance. Working paper.

 
 

Worldcom (2002). Worldcom scandal. 

View

 
 

Yermack D (1996). Higher market valuation of companies with small board of directors, Journal of Financial Economics 40:185-211.
Crossref