Summary of test of hypothesis
| Hypothesis | Relationship examined | Results | Inference |
|---|---|---|---|
| H1a | Board size → Financial performance | Insignificant (ROA), Positive (EPS) | Partially supported |
| H2a | Board meeting frequency → Financial performance | Positive (ROA and EPS) | Supported |
| H3a | Board independence → Financial performance | Negative (ROA), Insignificant (EPS) | Rejected |
| H4a | Female directors → Financial performance | Insignificant (ROA), Negative (EPS) | Rejected |
| H1b | NRC moderates Board size → Financial performance | Positive (ROA), Insignificant (EPS) | Partially supported |
| H2b | NRC moderates Board meeting frequency → Financial performance | Positive (ROA and EPS) | Supported |
| H3b | NRC moderates Board independence → Financial performance | Negative (ROA and EPS) | Rejected |
| H4b | NRC moderates Female directors → Financial performance | Insignificant (ROA), Negative (EPS) | Rejected |
| Hypothesis | Relationship examined | Results | Inference |
|---|---|---|---|
| Board size → Financial performance | Insignificant (ROA), Positive (EPS) | Partially supported | |
| Board meeting frequency → Financial performance | Positive (ROA and EPS) | Supported | |
| Board independence → Financial performance | Negative (ROA), Insignificant (EPS) | Rejected | |
| Female directors → Financial performance | Insignificant (ROA), Negative (EPS) | Rejected | |
| NRC moderates Board size → Financial performance | Positive (ROA), Insignificant (EPS) | Partially supported | |
| NRC moderates Board meeting frequency → Financial performance | Positive (ROA and EPS) | Supported | |
| NRC moderates Board independence → Financial performance | Negative (ROA and EPS) | Rejected | |
| NRC moderates Female directors → Financial performance | Insignificant (ROA), Negative (EPS) | Rejected |
Source(s): Authors’ own work
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.