Skip to main content

Research Repository

See what's under the surface

Advanced Search

The impacts of independent director and CEO duality onperformance in the Chinese post-institutional-transition era

Lew, Yong Kyu; Yu, Jing; Park, Jeong-Yang

Authors

Yong Kyu Lew

Jing Yu

Jeong-Yang Park



Abstract

This paper investigates the influence of corporate governance on performance of modern Chinese firms. Prior studies reveal inconclusive results about the relationship between corporate governance and firm performance. Little research investigates the performance implications of board structure in the post-institutional-transition era in China. Based on agency and resource dependence theories, it examines the impacts of board composition and leadership structure on the performance of Chinese manufacturing firms that went public on the Shanghai and Shenzhen Stock Exchanges in 2010. The findings show that separating the posts of CEO and chairman promotes better performance. However, appointing a larger proportion of outside independent directors to the board insignificantly affects performance. This research provides partial support for agency theory and extended insights into corporate governance in emerging economy firms.

Journal Article Type Article
Publication Date Dec 1, 2018
Journal Canadian Journal of Administrative Sciences
Print ISSN 0825-0383
Electronic ISSN 1936-4490
Publisher Wiley
Peer Reviewed Peer Reviewed
Volume 35
Issue 4
Pages 620-634
APA6 Citation Lew, Y. K., Yu, J., & Park, J. (2018). The impacts of independent director and CEO duality onperformance in the Chinese post-institutional-transition era. Canadian Journal of Administrative Sciences / Revue Canadienne des Sciences de l'Administration, 35(4), 620-634. doi:10.1002/CJAS.1468
DOI https://doi.org/10.1002/CJAS.1468
Keywords agency theory, board independence, CEO duality, China, corporate governance, institutional transition
Publisher URL http://onlinelibrary.wiley.com/doi/10.1002/cjas.1468/abstract
Copyright Statement Copyright information regarding this work can be found at the following address: http://eprints.nottingh.../end_user_agreement.pdf
Additional Information This is the peer reviewed version of the following article: Lew, Y. K., Yu, J., and Park, J.-Y. (2017) The impacts of independent director and CEO duality on performance in the Chinese post-institutional-transition era. Can J Adm Sci, doi: 10.1002/cjas.1468., which has been published in final form at http://onlinelibrary.wi...002/cjas.1468/abstract. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.

Files

the impacts of independent director and CDO.pdf (987 Kb)
PDF

Copyright Statement
Copyright information regarding this work can be found at the following address: http://eprints.nottingham.ac.uk/end_user_agreement.pdf





Downloadable Citations

;