期刊
INTERNATIONAL BUSINESS REVIEW
卷 21, 期 5, 页码 831-846出版社
ELSEVIER
DOI: 10.1016/j.ibusrev.2011.09.008
关键词
Board size; Board structure; Corporate governance; China
类别
China's corporate governance reform offers an interesting context for investigating the determinants of board size and independence. Analysing a large panel dataset from 1999 to 2003, we find that Chinese board size is primarily driven by firm complexity; board independence is mainly driven by regulation. Some governance factors newly introduced in this study also have a significant impact. For example, board independence is negatively associated with the size of supervisory board and state ownership. The findings have important implications and provide new insights into the subject. (C) 2011 Elsevier Ltd. All rights reserved.
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