TITLE:
Board Busyness and Firm Performance: Evidence from India
AUTHORS:
Asheesh Pandey, Sanjay Sehgal, Arjun Mittal
KEYWORDS:
Board Busyness, Firm Performance, Director Busyness, Board Size, CEO Busyness
JOURNAL NAME:
Theoretical Economics Letters,
Vol.9 No.3,
March
12,
2019
ABSTRACT: In this paper, we examine the relationship
between board busyness and firm performance for BSE 500 companies in India from
2009-2013. We find that over one third of the directors are busy in India and
about three fourth of them hold up to 5 directorships. For all firms, we find
that there is a weak positive relationship between board busyness and firm
performance, while for non-financial firms, the relationship between board
busyness and corporate performance is virtually absent. Further, we find that
it is the CEO busyness and not board busyness, which adversely affects firm
performance in India.