کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5093426 1478444 2015 21 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Institutions, board structure, and corporate performance: Evidence from Chinese firms
ترجمه فارسی عنوان
موسسات، ساختار هیئت مدیره و عملکرد شرکت: مدارک شرکت های چینی
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری کسب و کار و مدیریت بین المللی
چکیده انگلیسی

This paper investigates how institutional environment like property rights protection influences the size and composition of corporate boards, and further, how board structure impacts firm performance in China. Using a World Bank survey of 2400 public and private firms across 18 Chinese cities, I find robust evidence that weaker helping hand from the government is associated with a higher number and proportion of outsiders on the board, after controlling for the effects of firm complexity, growth opportunities, CEO characteristics, ownership, and the potential endogeneity concern. Furthermore, the results show that when firms are operating in a weak property rights environment, more outsiders improve corporate performance.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Corporate Finance - Volume 32, June 2015, Pages 217-237
نویسندگان
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