Table 6.

Regression analyses for firm performance

Standardized β coefficients	Dependent variable = ROA t + 1
Model I			Model II
Control variables
Firm size	0.07	0.08	0.10†	0.11†
Listing	0.04	0.01	0.03	0.01
Firm age	−0.02	−0.02	−0.03	−0.03
CEO tenure	0.05	0.09	0.05	0.09
CEO duality	0.04	0.06	0.02	0.04
Board size	−0.06	−0.02	−0.07	−0.04
Non-executives ratio	0.02	0.01	0.02	0.01
Director ownership	0.03	0.06	−0.01	0.02
Processes
Effort norms			−0.02	−0.04
Cognitive conflicts			−0.03	−0.06
Use of know and skills			0.14*	0.10
Board tasks
Control tasks		0.15*		0.13†
Advisory tasks		0.13†		0.15†
R2	0.02	0.09	0.04	0.11
Adj. R2	0.00	0.06	0.00	0.07
F/F change	0.44	10.24***	1.89	6.02**
N=	320	320	304	304

† = 0.10-level,^* = 0.05-level, ^** = 0.01-level, ^*** = 0.001-level.

Note: Some changes have been made to this table to correct layout and reporting of decimal places on 7 February 2011 after first publication online on 5 January 2011.