The determinants of board size and independence: Evidence from China

Catherine Huirong Chen, Basil Al-Najjar

Research output: Contribution to journalArticle

51 Citations (Scopus)

Abstract

China's corporate governance reform offers an interesting context for investigating the determinants of board size and independence. Analysing a large panel dataset from 1999 to 2003, we find that Chinese board size is primarily driven by firm complexity; board independence is mainly driven by regulation. Some governance factors newly introduced in this study also have a significant impact. For example, board independence is negatively associated with the size of supervisory board and state ownership. The findings have important implications and provide new insights into the subject.
Original languageEnglish
Pages (from-to)831-846
Number of pages16
JournalInternational Business Review
Volume21
Issue number5
Early online date19 Oct 2011
DOIs
Publication statusPublished - Oct 2012
Externally publishedYes

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