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Board governance is an important aspect of internal bank governance. We conduct an empirical study on 100 banks in … China for the period from 2004 to 2017 using a time-varying growth bank shareholder network to investigate the relationship … and mechanism between bank shareholder network and board governance. The bank shareholder network is found to have a …
Persistent link: https://www.econbiz.de/10014504890
characteristics (size, composition and functioning of the board) and analyze their impacts on bank performance and bank asset quality … positive impacts on both bank performance and asset quality while bank size has a significantly negative impact on bank … performance. We find new evidence that the degree of bank boards' political connection is negatively correlated with bank …
Persistent link: https://www.econbiz.de/10013083271
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...
Persistent link: https://www.econbiz.de/10013040554
This article empirically investigates the impacts of the board’s rejection of shareholder proposals on corporate value and the appropriate approach to regulation. Using a hand-collected dataset on shareholder-proposal-rejection incidents in China, I find that a rejection decision would on...
Persistent link: https://www.econbiz.de/10014263086
My study examines how institutional features of transition economies, i.e., goverment ownership, legal investor protection, and government regulation distort the choice of directors, and the firm value impact of independent director and political-connected director in China. We find that SOEs...
Persistent link: https://www.econbiz.de/10013131130
Chinese listed firms recruit independent directors in order to build up connections with people who can provide useful sources and/or protection rather than for their monitoring of top managements. It is found that Chinese listed firms particularly prefer two types of Guanxi provided by...
Persistent link: https://www.econbiz.de/10013155615
Understanding the value of political connections is important for firm decision-making and for social efficiency analysis. I examine this question by estimating the effect of having a politician on the board of directors on a firm's stock price. A new policy in China (Regulation No.18) forced...
Persistent link: https://www.econbiz.de/10012854991
This study examines the impact of board directors with foreign experience (BDFEs) on stock price crash risk. We find that BDFEs help reduce crash risk. This association is robust to a series of robustness checks, including firm fixed effects model, Heckman procedure, instrumental variable...
Persistent link: https://www.econbiz.de/10012923944
composition of corporate boards, and further, how board structure impacts firm performance in China. Using a World Bank survey of …
Persistent link: https://www.econbiz.de/10013067343
This paper examines the development of the legal framework regarding fiduciary duties of directors in China. The concept of fiduciary duty was introduced by the 2005 revisions to China's Corporate Law. The implementation of fiduciary duties in China has encountered considerable obstacles because...
Persistent link: https://www.econbiz.de/10013053921