In Closer Look, we highlight significant “holes” in our knowledge of corporate governance. These are central issues where insufficient or inadequate study has left us unable to answer basic questions, and where key assumptions relied upon by experts have not been verified or validated. While...

Using a sample of publicly listed firms from 2004 to 2018 in China, we find that the shareholder interlock directors, who jointly hold board positions both in the listed firm and their shareholding firms, can have a positive influence on the performance and governance of the listed firm. Our...

Information is the basis for independent directors to make correct decisions. The study found that the participation of independent directors in the shareholder meetings would help them to obtain more real information and curb the excessive risk taking phenomenon of firms caused by agency...