Board independence and Performance of Listed SMEs in China: based on the Perspective of Concentrated Ownership

被引：2
|
作者：
Tan, Qing-mei [1 ]
Liu, Pan [1 ]
Jing, Meng-ying [1 ]
Dong, Xiao-fang [2 ]
机构：
[1] Tianjin Univ, Coll Management & Econ, Tianjin 300072, Peoples R China
[2] Tianjin Intelligent Technol Engn Ctr Finance & Ta, Tianjin, Peoples R China
来源：
PROCEEDINGS OF THE 21ST INTERNATIONAL CONFERENCE ON INDUSTRIAL ENGINEERING AND ENGINEERING MANAGEMENT 2014 | 2015年
关键词：
Board independence; ownership concentration; return on assets; small and medium-sized enterprises; Tobin's Q; FIRM PERFORMANCE;
D O I：
10.2991/978-94-6239-102-4_104
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Based on the sample of listed firms on SMEs board in China during the period 2004-2010, this paper investigates the impact of board independence on firm performance in the presence of significant ownership concentration. This paper does not find the evidence that the board independence of listed SMEs is endogenous. The results show that there is no significant relationship between performance of listed SMEs and board independence, which means more independent directors cannot improve the performance of listed SMEs in China. There is significantly positive relationship between ownership concentration and board independence, while there is no significant relationship betweeen ownership concentration and performance of listed SMEs in China.
引用
收藏
页码：515 / 519
页数：5
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