Board of Directors, Committees and Corporate Performance: Evidence from Public-Listed Companies in China

摘要：

Board of directors is the core of corporate governance and how board of directors influences corporate performance has become the focus which some scholars pay attention to. This paper takes Chinas listed companies as the sample under the background of mandatory board reforms in China and examines the relationship between board of directors and corporate performance from characteristics of board of directors such as size, independence, behaviors and committees. Our empirical results indicate that there is an inverse U relationship between board size and corporate performance, as well as between frequency of board meetings and corporate performance, and significantly positive relationship between audit committee and performance. But no evidence has shown that the separation of chairman-CEO is significantly related to corporate performance and frequency of shareholders meetings, the ratio of independent directors, strategic, compensation and nominating committees are significantly positively related to corporate performance.

关键词： Board of directors Corporate performance Chinas public-listed companies

作者: Liu Xiaoyuan Zhou Jian Yu Wei Hua Xinyi Cheng Bin

作者单位: the Research Centre of Corporate Governance, Nankai University, Tianjin, P.R.China, 300071 Business School, Nankai University, Tianjin, P.R.China, 300071

会议类型: 国际会议

会议名称: 第六届管理学国际会议(Proceedings of ICM2007 the 6th International on Management)

会议地点: 武汉

会议语种:英文

页码: 1841-1849

在线出版日期: 2007-08-03（万方平台首次上网日期，不代表论文的发表时间）