DO OWNERSHIP AND BOARD COMPOSITION MATTER? EFFICIENCY AND CORPORATE GOVERNANCE IN SOME UK PRIVATISED FIRMS

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Abstract

The main aim of this paper is to analyse the role of privatisation and corporate governance reform and modification in the firm’s organisation for the efficiency of the sample firms. Data Envelopment Analysis estimation will be used to understand the level of efficiency achieved by the Management Decision Unit and the stochastic frontier approach will analyse inefficiency in its components (i.e. if inefficiency is due to an adverse state of the world - statistical noise - or if it can be explained with the determinant of other factors such as corporate governance).

Keywords: corporate governance, privatization, board of directors, UK companies

How to cite this paper: D’Orio, G. (2005). Do ownership and board composition matter? Efficiency and corporate governance in some UK privatised firms. Corporate Board: role, duties and composition, 1(2), 8-30. https://doi.org/10.22495/cbv1i2art1