Liu, Yu; Miletkov, Mihail K.; Wei, Zuobao; Yang, Tina - In: Journal of Corporate Finance 30 (2015) C, pp. 223-244
We provide the first comprehensive and robust evidence on the relationship between board independence and firm performance in China. We find that independent directors have an overall positive effect on firm operating performance in China. Our findings are robust to a battery of tests, including...
