The Impact of Board Structure on Corporate Performance: an Empirical Study on Listed Companies in China

The topic of corporate governance, as an important research field enjoys great popularity in many countries. In some rapidly growing markets like China, investors have strong desires to improve the governance mechanism. In recent years, a great many of researches on this topic have been made. Howeve...

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Main Author: Mu, Wenxiu
Format: Dissertation (University of Nottingham only)
Language:English
Published: 2014
Online Access:https://eprints.nottingham.ac.uk/27447/
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author Mu, Wenxiu
author_facet Mu, Wenxiu
author_sort Mu, Wenxiu
building Nottingham Research Data Repository
collection Online Access
description The topic of corporate governance, as an important research field enjoys great popularity in many countries. In some rapidly growing markets like China, investors have strong desires to improve the governance mechanism. In recent years, a great many of researches on this topic have been made. However, these studies and researches seem to be not so successful and have not obtain a certain key finding due to various uncertain factors such as the different management approaches and methods adopted by different companies, rapid changes of the market and so on. Board of directors, as the significant monitors for management have strong powers, play a key role in the company. This study has made a comprehensive review on the previous literatures and studies on Chinese market and other developed countries’ markets. It studies how board structure and corporate performance correlate and interact with other in the Chinese listed companies. The samples selected in the study are Chinese local companies listed on Shanghai Stock Exchange (SSE). The study will adopt quantitative approach to examine the correlation between board composition and corporate performance. The sample companies include various industry fields such as the manufacturing industry, financial service industry and other kinds of industries. Some other factors which may exert great influences on corporate performance are also examined, such as the influences of ownership structure on corporate performance, the correlation between board size and corporate performance and so on. After analyzing the results, it reveals that there are no significant relations between the proportion of independent directors in the board and corporate performance. But the ownership structure has influences on corporate performance. It shows that the corporate that has a higher concentrated ownership structure seems to have better corporate performances. In addition, it also finds that there is no significant correlation between the board size and corporate performance.
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spelling nottingham-274472017-10-19T14:00:25Z https://eprints.nottingham.ac.uk/27447/ The Impact of Board Structure on Corporate Performance: an Empirical Study on Listed Companies in China Mu, Wenxiu The topic of corporate governance, as an important research field enjoys great popularity in many countries. In some rapidly growing markets like China, investors have strong desires to improve the governance mechanism. In recent years, a great many of researches on this topic have been made. However, these studies and researches seem to be not so successful and have not obtain a certain key finding due to various uncertain factors such as the different management approaches and methods adopted by different companies, rapid changes of the market and so on. Board of directors, as the significant monitors for management have strong powers, play a key role in the company. This study has made a comprehensive review on the previous literatures and studies on Chinese market and other developed countries’ markets. It studies how board structure and corporate performance correlate and interact with other in the Chinese listed companies. The samples selected in the study are Chinese local companies listed on Shanghai Stock Exchange (SSE). The study will adopt quantitative approach to examine the correlation between board composition and corporate performance. The sample companies include various industry fields such as the manufacturing industry, financial service industry and other kinds of industries. Some other factors which may exert great influences on corporate performance are also examined, such as the influences of ownership structure on corporate performance, the correlation between board size and corporate performance and so on. After analyzing the results, it reveals that there are no significant relations between the proportion of independent directors in the board and corporate performance. But the ownership structure has influences on corporate performance. It shows that the corporate that has a higher concentrated ownership structure seems to have better corporate performances. In addition, it also finds that there is no significant correlation between the board size and corporate performance. 2014-12-11 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/27447/1/MU4198699.pdf Mu, Wenxiu (2014) The Impact of Board Structure on Corporate Performance: an Empirical Study on Listed Companies in China. [Dissertation (University of Nottingham only)] (Unpublished)
spellingShingle Mu, Wenxiu
The Impact of Board Structure on Corporate Performance: an Empirical Study on Listed Companies in China
title The Impact of Board Structure on Corporate Performance: an Empirical Study on Listed Companies in China
title_full The Impact of Board Structure on Corporate Performance: an Empirical Study on Listed Companies in China
title_fullStr The Impact of Board Structure on Corporate Performance: an Empirical Study on Listed Companies in China
title_full_unstemmed The Impact of Board Structure on Corporate Performance: an Empirical Study on Listed Companies in China
title_short The Impact of Board Structure on Corporate Performance: an Empirical Study on Listed Companies in China
title_sort impact of board structure on corporate performance: an empirical study on listed companies in china
url https://eprints.nottingham.ac.uk/27447/