Research on the governance performance of the board of directors
In order to avoid the pricing problem of the state-owned stock,the political problem of director incentive,the government intervention and the examination and improvement of changes of the state-owned stock,we select the panel data of the listed private companies from 2002 to 2005 to explore the effect of board governance on performance.We find that the independence of director has no significant impact on firm performance;the whole remuneration of the top three directors is significantly positive related to EPS,NAPS and ROA;the times of board meeting held in one year is negative connected with EPS and ROA.But there is an inverse U shape relationship between the times of board meeting held in one year and NAPS.
Listed private company Board Govrnance Governance Performance
Shengnan Li Jianbo Niu Xiao Zhu
Accounting and Finance management department of management school,Tianjin University Business School,Nankai University
国际会议
长沙
英文
428-434
2008-10-28（万方平台首次上网日期，不代表论文的发表时间）