2010Cai-mao yanjiuRequires access

Directors′ Governance and Corporate Performance of Listed Companies in Anhui Province

Wang Chun-feng

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Abstract

In the system of modern companies,the improvement of board of directors′ governance plays a very important role in the enhancement of corporate performance.This paper takes the listed companies in Anhui province as research samples and makes an empirical study on the relationship between the board of directors′ governance and the corporate performance.The results show that appropriate size of the board of directors,proportion of shares held by the directors and directors′ salary will have a positive effect on the corporate performance;the proportion of independent directors,the structure of the board of directors′ leadership and the change of the directors will not affect the corporate performance obviously;too many board meetings will not be beneficial to the enhancement of the corporate performance.

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What this paper is about

In the system of modern companies,the improvement of board of directors′ governance plays a very important role in the enhancement of corporate performance.This paper takes the listed companies in Anhui province as research samples and makes an empirical study on the relationship between the board of directors′ governance and the corporate performance.The results show that appropriate size of the board of directors,proportion of shares held by the directors and directors′ salary will have a positive effect on the corporate performance;the proportion of independent directors,the structure of the board of directors′ leadership and the change of the directors will not affect the corporate performance obviously;too many board meetings will not be beneficial to the enhancement of the corporate performance.

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Available abstract

In the system of modern companies,the improvement of board of directors′ governance plays a very important role in the enhancement of corporate performance.This paper takes the listed companies in Anhui province as research samples and makes an empirical study on the relationship between the board of directors′ governance and the corporate performance.The results show that appropriate size of the board of directors,proportion of shares held by the directors and directors′ salary will have a positive effect on the corporate performance;the proportion of independent directors,the structure of the board of directors′ leadership and the change of the directors will not affect the corporate performance obviously;too many board meetings will not be beneficial to the enhancement of the corporate performance.

Key concepts: Corporate governance, Accounting, Business, Salary, Corporate law, Empirical research, Finance, Economics

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