Independent Directors in China: Role and Mechanism
發(fā)布時間:2022-01-04 23:40
The separation of ownership and control causes agency problems in many modern firms.Independent directors,who are often more objective than other board members,play an important role in corporate governance.Regulators around the world have introduced various policies,such as Cadbury Report and Sarbanes-Oxley Act,to encourage the adoption of an independent director system.In 2001,the China Securities Regulatory Commission(CSRC)issued the Guideline for Establishment of Independent Director System ...
【文章來源】:上海交通大學上海市 211工程院校 985工程院校 教育部直屬院校
【文章頁數(shù)】:172 頁
【學位級別】:博士
【文章目錄】:
Abstract
Part Ⅰ Introduction
Ⅰ Background
Ⅱ Research Design
Ⅲ Contributions
Ⅳ Dissertation Structure
Part Ⅱ:Literature Review and Institutional Background
Ⅰ Literature Review
Ⅱ Institutional Background
Part Ⅲ:Voting Behavior of Independent Directors
Ⅰ Introduction
Ⅱ Theories and Research Design
1 Voting Behavior
2 Firm Value
3 Firm-Level Determinants of Dissention
4 Control Variables
Ⅲ Results and Analysis
1 Summary Statistics
2 Voting Behavior and Firm Value
3 Firm-Level Determinants of Dissention
4 Robustness Check
Ⅳ Conclusions and Policy Implications
Part Ⅳ:Individual Concerns Affecting Voting Behavior
Ⅰ Introduction
Ⅱ Theories and Research Design
1 Voting Behavior
2 Career Concern
3 Compensation Concern
4 Term Concern
5 Reputation Concern
6 Control Variables
Ⅲ Results and Analysis
1 Summary Statistics
2 Career Concern
3 Compensation Concern
4 Term Concern
5 Reputation Concern
6 Robustness Check
Ⅳ Conclusions and Policy Implications
Part Ⅴ:Heterogeneity across Firms
Ⅰ Introduction
Ⅱ Results and Analysis
1 Summary Statistics
2 Firm-Level Analysis
3 Individual-Level Analysis
Ⅲ Conclusions and Policy Implications
Part Ⅳ Conclusions and Policy Implications
Ⅰ Conclusions
Ⅱ Policy Implications
References
致謝
讀博期間學術成果
【參考文獻】:
期刊論文
[1]中國上市公司應如何為獨立董事制定薪酬激勵合約[J]. 鄭志剛,梁昕雯,黃繼承. 中國工業(yè)經(jīng)濟. 2017(02)
[2]獨立董事的獨立性:基于董事會投票的證據(jù)[J]. 葉康濤,祝繼高,陸正飛,張然. 經(jīng)濟研究. 2011(01)
[3]獨立董事能否抑制大股東的“掏空”?[J]. 葉康濤,陸正飛,張志華. 經(jīng)濟研究. 2007(04)
[4]獨立董事背景與公司經(jīng)營績效[J]. 魏剛,肖澤忠,Nick Travlos,鄒宏. 經(jīng)濟研究. 2007(03)
[5]董事會的獨立性是否影響公司績效?[J]. 王躍堂,趙子夜,魏曉雁. 經(jīng)濟研究. 2006(05)
[6]董事會特征影響公司績效嗎?[J]. 李常青,賴建清. 金融研究. 2004(05)
本文編號:3569284
【文章來源】:上海交通大學上海市 211工程院校 985工程院校 教育部直屬院校
【文章頁數(shù)】:172 頁
【學位級別】:博士
【文章目錄】:
Abstract
Part Ⅰ Introduction
Ⅰ Background
Ⅱ Research Design
Ⅲ Contributions
Ⅳ Dissertation Structure
Part Ⅱ:Literature Review and Institutional Background
Ⅰ Literature Review
Ⅱ Institutional Background
Part Ⅲ:Voting Behavior of Independent Directors
Ⅰ Introduction
Ⅱ Theories and Research Design
1 Voting Behavior
2 Firm Value
3 Firm-Level Determinants of Dissention
4 Control Variables
Ⅲ Results and Analysis
1 Summary Statistics
2 Voting Behavior and Firm Value
3 Firm-Level Determinants of Dissention
4 Robustness Check
Ⅳ Conclusions and Policy Implications
Part Ⅳ:Individual Concerns Affecting Voting Behavior
Ⅰ Introduction
Ⅱ Theories and Research Design
1 Voting Behavior
2 Career Concern
3 Compensation Concern
4 Term Concern
5 Reputation Concern
6 Control Variables
Ⅲ Results and Analysis
1 Summary Statistics
2 Career Concern
3 Compensation Concern
4 Term Concern
5 Reputation Concern
6 Robustness Check
Ⅳ Conclusions and Policy Implications
Part Ⅴ:Heterogeneity across Firms
Ⅰ Introduction
Ⅱ Results and Analysis
1 Summary Statistics
2 Firm-Level Analysis
3 Individual-Level Analysis
Ⅲ Conclusions and Policy Implications
Part Ⅳ Conclusions and Policy Implications
Ⅰ Conclusions
Ⅱ Policy Implications
References
致謝
讀博期間學術成果
【參考文獻】:
期刊論文
[1]中國上市公司應如何為獨立董事制定薪酬激勵合約[J]. 鄭志剛,梁昕雯,黃繼承. 中國工業(yè)經(jīng)濟. 2017(02)
[2]獨立董事的獨立性:基于董事會投票的證據(jù)[J]. 葉康濤,祝繼高,陸正飛,張然. 經(jīng)濟研究. 2011(01)
[3]獨立董事能否抑制大股東的“掏空”?[J]. 葉康濤,陸正飛,張志華. 經(jīng)濟研究. 2007(04)
[4]獨立董事背景與公司經(jīng)營績效[J]. 魏剛,肖澤忠,Nick Travlos,鄒宏. 經(jīng)濟研究. 2007(03)
[5]董事會的獨立性是否影響公司績效?[J]. 王躍堂,趙子夜,魏曉雁. 經(jīng)濟研究. 2006(05)
[6]董事會特征影響公司績效嗎?[J]. 李常青,賴建清. 金融研究. 2004(05)
本文編號:3569284
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