An Empirical Study on Board Characteristics and Sustainable Growth of Listed Company

Abstract:

The paper is based on the SGR model by Robert C Higgins. Through regression analysis and panel data, we find that the diligent boards and the stock-keeping ratio of board directors are associated with higher sustainable growth, while board size can restrain sustainable growth to some extent,With respect to the other variables, results indicate that CEO-duality and percent of independent directors on the board do not significantly influent sustainable growth.

• Periodical: Advanced Materials Research (Volumes 403-408)
• Pages: 2526-2529
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.403-408.2526
• Online since: November 2011
• Authors: Hai Ying Liu
• Keywords: Board of Directors, Sustainable Growth Model, Sustainable Growth Rate

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