Published Online:January 2025
Product Name:The IUP Journal of Accounting Research & Audit Practices
Product Type:Article
Product Code:IJARAP090125
DOI:10.71329/IUPJARAP/2025.24.1.150-167
Author Name:Nitya Nand Tripathi and Asha Binu Raj
Availability:YES
Subject/Domain:Finance
Download Format:PDF
Pages:150-167
The paper examines the relationship between corporate board meetings and the performance of hotel industry, as attendance of board members at the hotel venue may directly impact the hotel’s revenue. Further, conducting board meetings in hotel venues may help companies cut costs. This study empirically examines the performance of hotel industry from 2004 to 2019, where 224,568 corporate board meetings were conducted and 1,348,989 directors attended the board meetings. It uses OLS estimation, fixed effect, and GMM to test the hypotheses. As per the results, return on assets (ROA), return on equity (ROE), and Tobin’s Q indicate a positive relationship between board meetings and number of attendees and hotel industry performance. The findings suggest that hotel industry may benefit from corporate meetings conducted in their premises, in terms of revenue.
The board of directors plays an essential role in every organization. The directing and monitoring activities of corporate boards in public corporations have been reported as a significant issue in the academia and financial press.