Premium
Boardroom attributes and trade credit under different ownership structures
Author(s) -
Benkraiem Ramzi,
Hamrouni Amal,
Miloudi Anthony,
Uyar Ali
Publication year - 2020
Publication title -
strategic change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.527
H-Index - 16
eISSN - 1099-1697
pISSN - 1086-1718
DOI - 10.1002/jsc.2338
Subject(s) - independence (probability theory) , business , trade credit , diversity (politics) , gender diversity , accounting , corporate governance , finance , law , statistics , mathematics , political science
The effects of boardroom attributes on trade credit may differ depending on the types of ownership structures. The study provides new evidence on simultaneously four categories of boardroom characteristics (i.e., the board size, independence, assiduity, gender diversity) under different ownership structures. The empirical analysis shows that board independence is positively associated with trade credit for firms with dispersed and managerial ownership, whereas it is negatively associated with trade credit for firms with concentrated ownership. Moreover, the presence of women on boards is negatively linked to trade credit regardless of the ownership structure, which suggests the risk‐averse tendency of female directors.