Validity Analysis of Independent Director System in China

摘要：

An independent director takes two important roles on direction and supervision to the direction board, and he or she can influence the election of top administrators, salary policy, the choice of strategic target, stock interest policy and capital structure decision, etc. The independent director system has been introduced to the stock company of china, which takes good effect to improve the company managing. By analyzing the data including the number of Independent director and pure-capital yield, the number of Independent director and income per stock of 59 sample companies with SPSS10.0, we can get the conclusion that the independent director system hardly has positive correlation with company performance and it requires a long time to reach the standardization of the independent director in China.

关键词： Independent Director Government Structure Validity

作者: Wei Chenglong Zheng Jun

作者单位: Research Institute of Business Administration, Henan University, Kaifeng, PR China 475004

会议类型: 国际会议

会议名称: The 15th International Conference on Industrial Engineering and Engineering Management(IE&EM2008)(第十五届工业工程与工程管理国际学术会议暨中国机械工程学会第11次工业工程年会)

会议地点: 郑州

会议语种:英文

在线出版日期: 2008-09-20（万方平台首次上网日期，不代表论文的发表时间）