The impact of experience and age of board members on profitability and efficiency: Evidence from state enterprises and parastatals in emerging markets
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Virtus Interpress
2022
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| Online Access: | https://doi.org/10.22495/jgrv11i1art14 http://hdl.handle.net/11408/5029 |
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| author | Maibvisira, Gabriel Muregwi, Hapson Nyasha Mutambara, Emmanuel |
| author_facet | Maibvisira, Gabriel Muregwi, Hapson Nyasha Mutambara, Emmanuel |
| author_sort | Maibvisira, Gabriel |
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| description | Copyright © 2022 The Authors |
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| id | ir-11408-5029 |
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| language | English |
| publishDate | 2022 |
| publisher | Virtus Interpress |
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| spelling | ir-11408-50292022-08-02T18:03:09Z The impact of experience and age of board members on profitability and efficiency: Evidence from state enterprises and parastatals in emerging markets Maibvisira, Gabriel Muregwi, Hapson Nyasha Mutambara, Emmanuel Emerging Markets Experience of Board Members Age of Board Members Profitability Efficiency Copyright © 2022 The Authors Chiri (2017) described Zimbabwe’s state enterprises and parastatals (SEPs) as a burden to the fiscus. The article seeks to determine the effect of board member experience and age on profitability and efficiency of SEPs, respectively, as there has been little research, particularly in emerging markets. A positivist paradigm was adopted using a cross-sectional survey. The target population of the study consisted of all SEPs totalling 107 from which a sample of 20 SEPs was selected from the clusters using the simple random sampling technique. The Likert scale questionnaire was administered to respondents from the line ministry and targeted SEPs. The categorical principal component analysis was used as the main data analysis method. The value from Kaiser–Meyer–Olkin (KMO) and Bartlett’s test of sphericity and Cronbach’s alpha proved that the data obtained from the sample was adequate and reliable. A simple ANOVA conducted obtained a significance value of 0.000 leading to acceptance of both hypotheses because of p-value (0.000) < 0.001. The article concludes that board experience is a critical determinant of profitability and a positive relationship between the age of board onpolicy frameworkmembers and SEPs efficiency exists. A diversity in experience and age of board members should be enforced. The study is critical since SEPs occupy strategic sectors of the economy yet their contribution to gross domestic product continued to drop (World Bank, 2017) 2022-08-02T18:03:09Z 2022-08-02T18:03:09Z 2022 Article Maibvisira, G., Muregwi, H. N., & Mutambara, E. (2022). The impact of experience and age of board members on profitability and efficiency: Evidence from state enterprises and parastatals in emerging markets. Journal of Governance & Regulation, 11(1), 152–162. 2220-9352 2306-6784 https://doi.org/10.22495/jgrv11i1art14 http://hdl.handle.net/11408/5029 en Journal of Governance and Regulation;Vol. 11, Issue 1; Pages 152 – 162 open Virtus Interpress |
| spellingShingle | Emerging Markets Experience of Board Members Age of Board Members Profitability Efficiency Maibvisira, Gabriel Muregwi, Hapson Nyasha Mutambara, Emmanuel The impact of experience and age of board members on profitability and efficiency: Evidence from state enterprises and parastatals in emerging markets |
| title | The impact of experience and age of board members on profitability and efficiency: Evidence from state enterprises and parastatals in emerging markets |
| title_full | The impact of experience and age of board members on profitability and efficiency: Evidence from state enterprises and parastatals in emerging markets |
| title_fullStr | The impact of experience and age of board members on profitability and efficiency: Evidence from state enterprises and parastatals in emerging markets |
| title_full_unstemmed | The impact of experience and age of board members on profitability and efficiency: Evidence from state enterprises and parastatals in emerging markets |
| title_short | The impact of experience and age of board members on profitability and efficiency: Evidence from state enterprises and parastatals in emerging markets |
| title_sort | impact of experience and age of board members on profitability and efficiency: evidence from state enterprises and parastatals in emerging markets |
| topic | Emerging Markets Experience of Board Members Age of Board Members Profitability Efficiency |
| url | https://doi.org/10.22495/jgrv11i1art14 http://hdl.handle.net/11408/5029 |
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