Dr. Dishant Pandya’s Study on Board Independence Wins Distinguished Research Award
Dr. Dishant Pandya, Associate Professor in Bellevue University’s College of Business, recently co-authored a study published in the Journal of Finance and Accounting.
The study, titled “The Effect of Board Composition on Long-Term Firm Performance: NASDAQ versus NYSE,” examines the impact of the 2003 board-independence mandate on the long-term financial performance of publicly traded U.S. companies that are traded on the country’s two largest stock exchanges.
Dr. Pandya explained that the mandate, which requires companies to have independent boards, has contributed to improved firm performance over time. This study found that the mandate significantly improved the long-term financial performance of companies listed on the NYSE, but had no impact on companies traded on NASDAQ.
In addition to its publication, the research was presented at the IGBR Summer Online Conference, where it received a Distinguished Research Award.
Founded in 1966, Bellevue University is a non-profit university with more than 70,000 graduates worldwide. The University is a recognized national leader in preparing students for lifelong success with career-relevant knowledge and skills, while making college affordable. Routinely ranked among the nation’s top military and accessible institutions, the University serves residential students at its main campus in Bellevue, Nebraska, and everywhere online with more than 85 degree programs uniquely designed for working adults. The University is accredited by The Higher Learning Commission (hlcommission.org).