FP |
Firm performance of the company measured by Tobin’s Q |
SIZE |
Number of board directors on the board |
INDEPENDENT |
Number of independent directors on the board |
MEETING |
Number of board meetings in the company |
FSIZEi,t |
Company size measured by the natural logarithm of total assets for company i in year t |
LEVi,t |
Leverage measured by total debt divided by total assets for company i in year t |
GROWTHi,t |
Market value of a company at the end of the year divided by book value of the total assets for company i in year t |
εi,t |
Error term |