Do the Characteristics of Independent Directors and Supervisory Board Members Matter in China?

Hongmei Xu and Jiang Lin

Business and Management Studies, 2016, vol. 2, issue 3, 27-43

Abstract: This paper investigates and compares the characteristics of independent directors and supervisory board members in Chinese listed firms. The occupational backgrounds of independent directors and supervisory board members in listed firms are very different. Besides, different firms have different preferences in employing independent directors and supervisory board members according to their demands. Moreover, the empirical results show that characteristics of independent directors and supervisory board members have no clear relationship with firm performance. No matter their professional backgrounds or age, the independent directors and supervisory board members do not have the authority to affect the decision making process of management. Thus they cannot really contribute to firm performance.

Keywords: board of directors; corporate governance; firm performance; independent directors; supervisory board members (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:rfa:bmsjnl:v:2:y:2016:i:3:p:27-43

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