The determinants of board size and independence: Evidence from China

Catherine Huirong Chen; Basil Al-Najjar

doi:10.1016/j.ibusrev.2011.09.008

The determinants of board size and independence: Evidence from China

Catherine Huirong Chen^*, Basil Al-Najjar

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

88 Citations (Scopus)

Abstract

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.

Original language	English
Pages (from-to)	831-846
Number of pages	16
Journal	International Business Review
Volume	21
Issue number	5
Early online date	19 Oct 2011
DOIs	https://doi.org/10.1016/j.ibusrev.2011.09.008
Publication status	Published - 1 Oct 2012
Externally published	Yes

Keywords

Board size
Board structure
China
Corporate governance

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10.1016/j.ibusrev.2011.09.008

Cite this

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The determinants of board size and independence: Evidence from China

Abstract

Keywords

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