Celebrating Success: Dr Vu Trinh (Rainy)

Congratulations to Dr Vu Trinh (Rainy) who recently received an invitation to join the Editorial Board of International Journal of Banking, Accounting and Finance.

Rainy and his co-authors Dr Rosie Cao (Bath University) and Professor Xuan Vinh Vo (UEH University) have also recently had a paper entitled “Driven Mechanisms of Board Commitment: A Modified Corporate CANE Model” accepted for publication in European Management Journal. 

Abstract:

The study employs a sample of US S&P 100 firms to explore the driving factors affecting the level of board commitment. We modified Clark’s (1998) CANE model and developed a corporate CANE model that is applicable for board commitment. Supporting our model, we find that primary drivers of board commitment (through board personal agency) are non-financial factors including board independence, size, gender diversity, professional experience/skills, industrial and financial experiences, senior executives’ compensation, and strictly board independence. These board compositions significantly enhance the level of board commitment, except the board size. On the other hand, whilst we find significant impact for the market-based factors, i.e., board commitment level tends to increase with market value (Tobin’s Q), we find weak or no evidence on the effects of accounting-based factors. This suggests that the board task value is influenced by the actual perception of the market participants rather than ‘documented’ figures.