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Can Independent Directors Improve the Listed Companies' Performance

Hu Qinqin Shen Yifeng  
This paper studies the outside independent directors' performance in 41 publicly held companies in Shenzhen and Shanghai Stock Exchange. The results of this empirical test indicate that there is an insignificant relationship between the firm's performance and outside independent board. To some extent, firms' performance is not influenced by the composition of board. It implies that outside independent directors still do not play an important role in corporate governance in China.
【Fund】: “教育部优秀青年教师资助计划项目”资助
【CateGory Index】: F832.5
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