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《Economic Research Journal》 2007-03
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Background of Independent Directors and Corporate Performance

Wei Gang ,Xiao Zezhong ,Nick Travlos and Zou Hong(a: Institute of Finance and Securities Research, He'nan University; b: Cardiff Business School, Cardiff University; c: Cardiff Business School, Cardiff University; Athens Laboratory of Business Administration; d: Lingnan University)  
In this study, we empirically test the impacts of background of independent directors on corporate performance in China. We find that education background of independent directors do not have any positive effects on firm performance, while our results indicate that "Guan Xi" is key to business success in China. Meanwhile our findings support calls for limits on directorships held by an individual. Overall, in addition to extending growing corporate governance literature, our results provide an important insight into the nature of effective functioning of independent directors and empirical evidence for the reform of corporate governance in China.
【Fund】: 英国大学联合会的ORS基金;; 卡地夫大学商学院的资助
【CateGory Index】: F276.6
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