TY - JOUR
T1 - The determinants of board size and independence
T2 - Evidence from China
AU - Chen, Catherine Huirong
AU - Al-Najjar, Basil
PY - 2012/10/1
Y1 - 2012/10/1
N2 - 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.
AB - 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.
KW - Board size
KW - Board structure
KW - China
KW - Corporate governance
UR - http://www.scopus.com/inward/record.url?scp=84864013318&partnerID=8YFLogxK
U2 - 10.1016/j.ibusrev.2011.09.008
DO - 10.1016/j.ibusrev.2011.09.008
M3 - Article
AN - SCOPUS:84864013318
VL - 21
SP - 831
EP - 846
JO - International Business Review
JF - International Business Review
SN - 0969-5931
IS - 5
ER -