Contents
pdf Download PDF pdf Download XML
1331 Views
1026 Downloads
Share this article
Original Article | Volume 2 Issue 1 (Jan-Feb, 2025) | Pages 196 - 204
Systematic Literature Review and Meta-Analysis of Impact of Board Size on Firm Performance
 ,
 ,
1
Associate Professor, IMT CDL, Ghaziabad, UP
2
Assistant Professor, Sir Padampat Singhania University, Bhatewar, Rajasthan
3
Assistant Professor, JIMS Vasant Kunj, Delhi
Under a Creative Commons license
Open Access
Abstract

This research paper presents a meta-analysis conducted to examine the relationship between board size and Return on Assets (ROA) as a measure of firm performance. A total of 124 research papers were selected for the meta-analysis, and the “Metafor” package in R-programming was used for data analysis. The findings revealed that board size is a common factor in most studies and has a significant impact on firm performance. Among the selected papers, eight studies were found to have a correlation value between ROA and board size. The meta-analysis results indicated that there is no statistically significant difference between board size and ROA at a 95% confidence level. Heterogeneity was observed among the studies, suggesting variations in the effect size. Overall, this study contributes to the understanding of the relationship between board size and firm performance.

Keywords
Recommended Articles
Research Article
Impact of Sustainable Innovation on Startup Performance and Investment Attraction
Published: 15/10/2026
Research Article
Artificial Intelligence Adoption and Startup Performance: The Moderating Role of Government Startup Schemes
Published: 12/10/2026
Research Article
Gendered Experiences in Experiential Marketing: Examining the Impact of Event-Based Cues on Service Purchase Intentions
Published: 23/07/2026
Research Article
Swami Vivekananda’s Insights into Political Philosophy and National Rejuvenation: An Impetus to Governance
Published: 30/09/2026
© Copyright Asian Society of Management & Marketing Research (ASMMR)