Study of the relationship between the Board of Directors structure, frequency of meetings and firm financial performance: evidence from Russian listed companies

Abstract

The main goal is to find the relationship between the activity and size of the board of directors and performance of the company. The task was to collect sample of ~400 companies, conduct base statistic and regression analysis. The main results showed that link exists: for board size mostly negative, for frequency of meetings – positive, however as the performance of company is the result of a large variety of factors, not only governance, the significance of some coefficients is rather low.