Board chairperson turnover and financial performance: evidence from Chinese firms

Chaojie Jin () and Carole Bonanni ()
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Chaojie Jin: Zhejiang Guangsha Vocational and Technical University, and Rennes School of Business
Carole Bonanni: Rennes School of Business

Economics Bulletin, 2022, vol. 42, issue 2, 694 - 702

Abstract: This study provides the first empirical evidence on the relationship between the chairman of the board of directors (COB) and corporate financial performance. Using a sample of Chinese A listed firms between 2008-2017, we find reliable evidence that the COB turnover improves corporate financial performance. Moreover, the existence of a majority shareholder (Majority) positively influences corporate financial performance, while firm nature (private majority shareholder or public majority shareholder)(Private) may not.

Keywords: Board Chairperson; COB; Turnover; China (search for similar items in EconPapers)
JEL-codes: G3 (search for similar items in EconPapers)
Date: 2022-06-30
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