Corporation financial performances and supervisory board

Abstract

In this paper results of the research of influence of corporation supervisory board characteristics on corporation financial performances are presented. The analysis is done using formal test of hypothesis for the difference between two means of financial performances of corporations with three different supervisory board characteristics using both directional one- Tailed and nondirectional two- Tailed tests. The level of significance of the statistical tests used in this research is 0,05. The research sample consists of 101 corporations from Federation of Bosnia and Herzegovina where two- Tiered corporate governance model is in use. All observed corporations are listed on Sarajevo Stock Exchange.