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Article
Board composition, board activity and ownership concentration, the impact on firm performance
Faculty of Commerce - Papers (Archive)
  • Shiguang Ma, University of Wollongong
  • Gary Tian, University of Wollongong
RIS ID
29021
Publication Date
1-1-2009
Publication Details
Ma, S. & Tian, G. (2009). Board composition, board activity and ownership concentration, the impact on firm performance. Asian Finance Association (AsianFA) Conference 2009 (pp. 1-51). Brisbane: University of Queensland Business School (UQBS).
Abstract

This paper provides a parallel investigation on the impact of board composition, board activity and ownership concentration on the performance of listed Chinese firms. We find that independent directors enhance firm performance effectively than other board factors. The frequency of shareholder meetings, rather than board meetings, is positively associated with firm value. Tradable share ownership concentration has a positive and linear relationship with firm value, while state and total share ownership concentration represent U(V) shapes. Importantly, companies with the highest levels of both total share and tradable share ownership concentration have a greater firm values than companies with the highest levels of only a single concentration.

Citation Information
Shiguang Ma and Gary Tian. "Board composition, board activity and ownership concentration, the impact on firm performance" (2009) p. 1 - 51
Available at: http://works.bepress.com/gary-tian/118/