An Empirical Study on Corporate Governance Structure and Performance of Chinese Listed Tourism Companies

摘要：

This paper examines the relation between corporate governance structure and performance with panel data of 20 Chinese listed tourism companies from 2002 to 2007. The empirical evidence shows that there is an inverse U relationship between board size and performance; independent directors proportion is positively related with performance; state-owned shares proportion has a significant negative correlation with performance; the first shareholders shares proportion has an inverse U correlation with performance; the positive correlation between noncontrolling shareholders shares proportion and performance is not significant.

关键词： Corporate Governance Board Ownership Structure Corporate Performance

作者: WANG Liangju

作者单位: Business School, Anhui University of Finance and Economics, Bengbu, P.R.China, 233030 Business School, Renmin University of China, Beijing, P.R.China, 100872

会议类型: 国际会议

会议名称: The 5th International Sympsium for Corporate Governance(第五届公司治理国际研讨会)

会议地点: 天津

会议语种:英文

页码: 1482-1489

在线出版日期: 2009-09-01（万方平台首次上网日期，不代表论文的发表时间）