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《Economic Research Journal》 2004-04
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Number of Directors,Board Stability and Performance:Theory and Experience

Yu Dong-zhi(ICBC Postdoctor,Beijing) Chi Guo-hua(Research Center of Finance and Accounting of Dongbei University of Finance and Economics)  
As essential organ of conference exerting corporate property rights by representing corporation,Board of directors is the core of corporate governance structure. Normative and empirical analysis show that proprietary characteristics of board of directors can influence their functions,and influence corporate performance.Our empirical analysis shows that there is inverse U relations between size of board of directors and performance,and former performance are better,current board stability are stronger.At the same time,governance improvement and jumping ship hypothesis haven't been approved.
【Fund】: 中国博士后科学基金资助项目 (资助编号 :2 0 0 30 33187)
【CateGory Index】: F276.6
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