Does Independent Director Characteristic Exert Effect on Investment Efficiency? Evidence from Chinese Listed Firms

被引：0
|
作者：
Zheng, Lidong [1 ]
机构：
[1] Beijing JiaoTong Univ, Sch Econ & Management, Beijing 100044, Peoples R China
来源：
2013 3RD INTERNATIONAL CONFERENCE ON SOCIAL SCIENCES AND SOCIETY (ICSSS 2013), PT 3 | 2013年 / 34卷
关键词：
Independent Directors; Top Executive Characteristic; Investment Efficiency; Firm Value;
D O I：
暂无
中图分类号：
C [社会科学总论];
学科分类号：
03 ; 0303 ;
摘要：
Based on upper echelons theory, we investigate the relation between board members characteristic and investment efficiency from independent directors perspectives. We find that age, gender and financial background of independent directors are correlated with total investment efficiency, underinvestment and overinvestment to some extent. Further results show that independent directors characteristic exert great impact on firm value. Our findings enrich research related to upper echelons theory and also provide some reference in terms of enterprises' human resources management..
引用
收藏
页码：156 / 160
页数：5
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