Board independence and corporate governance: Mediating role of financial asset allocation

Huxing Li, Cheng Zhou, Yixin Ling, Shilin Du and Grace Li Tian

Finance Research Letters, 2025, vol. 72, issue C

Abstract: This study examined the impact of board independence on corporate governance and the mediating role of financial asset allocation. Data analysis of nonfinancial A-share companies in Shanghai and Shenzhen from 2015 to 2022 indicates that board independence positively correlated with corporate governance level; this was partially mediated by financial asset allocation. The findings can optimize board structure and improve corporate capital structure and governance levels.

Keywords: Board independence; Financial asset allocation; Corporate governance level (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:72:y:2025:i:c:s1544612324015319

DOI: 10.1016/j.frl.2024.106502

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