Empirical Study on the Independent Director System' Effectiveness on the Corporate Performance of Listed Companies in Shenzhen Stock Exchange

De Lu Wang; Ping Juan Liang

doi:10.4028/www.scientific.net/AMR.468-471.1595

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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 468-471Empirical Study on the Independent Director...

Empirical Study on the Independent Director System' Effectiveness on the Corporate Performance of Listed Companies in Shenzhen Stock Exchange

Abstract:

This essay has chosen 568 companies listed in Shenzhen Stock Exchange (SZSE) as research samples. And it empirically analyzed the independent director system' effectiveness on the corporate performance. The result indicates that the proportion of independent directors is not significantly correlated with corporate performance, and that the independent directors' compensation is significantly positively correlated with the company’s performance and that the meeting attendance of independent directors is not significantly positively correlated with firm’s performance. At last, two proposals are put forward: firstly, broaden the company information's delivery channels to independent directorst; secondly, perfect the incentive and constraint mechanism of independent directors

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Periodical:

Advanced Materials Research (Volumes 468-471)

Pages:

1595-1598

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.468-471.1595

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Online since:

February 2012

Authors:

De Lu Wang, Ping Juan Liang

Keywords:

Enterprise Performance, Independent Director System, Listed Companies

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References

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DOI: 10.1177/104225879301700305

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