<p> The purpose of this study was to determine if the experiences of directors, disclosed in company filings, correlated with the financial results of companies. Agency theory and resource dependence theory were the theoretical frameworks used in this examination of the correlations between the experiences that a board had and financial performance of selected companies listed in the S&P 500. The results of this ex-post facto, correlational study are an addition to the collective knowledge on corporate governance regarding evidence of the relationship between director experiences and the financial performance of two types of businesses listed in the S&P 500: regulated and nonregulated. There are three primary findings from the study. First, seven attributes of boards correlated with the financial performance of companies. Second, director experience had the greatest correlation with financial performance. Third, there was not a significant connection between boards diverse in experiences and the financial performance of the company. The conclusion is that there are experiences disclosed in company filings that correlate with financial performance. Regulators and boards could use the results of this study to make changes to regulations and board policies. </p>
| Identifer | oai:union.ndltd.org:PROQUEST/oai:pqdtoai.proquest.com:3736718 |
| Date | 10 December 2015 |
| Creators | Padilla, Kimberly A. |
| Publisher | University of Phoenix |
| Source Sets | ProQuest.com |
| Language | English |
| Detected Language | English |
| Type | thesis |
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