RandØy, Trond; Down, Jon; Jenssen, Janinge - In: Maritime Economics and Logistics 5 (2003) 1, pp. 40-54
This paper examines the financial performance effect of three corporate governance mechanisms: (i) founding family CEO, (ii) board ownership, and (iii) board independence. The developed hypotheses are tested using multivariate ordinary least-squares regression on a 3-year sample of 32 publicly...