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THE NOMINATION COMMITTEE AND FIRM PERFORMANCE: AN EMPIRICAL INVESTIGATION OF UK FINANCIAL INSTITUTIONS DURING THE PRE/POST FINANCIAL CRISIS

Peter Agyemang-Mintah

DOI: 10.22495/cbv11i3art14

Abstract

This study looks at the relationship between nomination committee (NC) and the financial performance of firms among United Kingdom (UK) financial institutions. The result indicates a positive and statistically significant association between the NC of a firm and its Market Value (MV). The relationship between NC and the Return on Asset (ROA) of the firm as a measure of financial performance was positive. The second study examines the impact of NC on UK financial firms during the 2007/2008 global financial crises. The empirical evidence gleaned highlights that firms adopting NC for corporate boards witness a positive and statistically significant impact on the ROA of the firms. There was also an inverse relationship demonstrated, in terms of financial performance on the MV of the firms during the pre- and post-global financial crisis.

Keywords: Nomination Committee (NC), Financial Institutions, UK, Financial Crisis, Performance

How to cite this paper: Agyemang-Mintah, P. (2015). The nomination committee and firm performance: An empirical investigation of UK financial institutions during the pre/post financial crisis. Corporate Board: role, duties and composition, 11(3), 176-190. http://doi.org/10.22495/cbv11i3art14

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