Board Structure, State Ownership, Firm Age and Corporate Performance in Crisis

Evidence from China

DOI

10.2991/aebmr.k.210601.004How to use a DOI?

Keywords

Board structure, corporate performance in crisis, state ownership, firm age

Abstract

This paper aims to study the relationship between the structure of the board and corporate performance in crisis. More specifically, the paper investigates whether CEO duality, board independence, board size and share concentration have an impact on corporate performance in a stock market crash. Furthermore, this paper tests whether state ownership and firm age will moderate this effect. Based on the panel data in 2007, 2008 and 2015, the empirical evidence suggests that CEO duality and share concentration positively affect corporate performance, while board independence works in the opposite direction. SOE and firm age are also confirmed to play a moderating role.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yunfei He
PY  - 2021
DA  - 2021/06/02
TI  - Board Structure, State Ownership, Firm Age and Corporate Performance in Crisis
BT  - Proceedings of the 2021 International Conference on Enterprise Management and Economic Development (ICEMED 2021)
PB  - Atlantis Press
SP  - 17
EP  - 25
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210601.004
DO  - 10.2991/aebmr.k.210601.004
ID  - He2021
ER  -