Abstract
One of the perspectives that has attracted the most attention in international management is the importance of the board of directors in the performance of firms. In this way, the primary purpose of this research is to investigate the moderating effect of the board director on the relationship between perceived risks and the financial and non-financial performances of the firms. To fulfill this purpose, a survey was conducted among 480 Colombian exporting companies between August and December 2023. To process the information, a structural equation model was used that allowed the relationships of the study to be analyzed. The main results were that financial, time, and performance risks have a more significant impact on non-financial performance when there are board directors who provide not only greater information about the environment but also lines of action necessary for the firm that allow it to take advantage of the environment in which it exists that operates. In contrast, the social and psychological risks were not significant.
Main Subjects
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