科研成果详情

This study empirically explores whether, and how, selected attributes of China's two-tier board system affect Chinese firms' performance and earnings informativeness. Using a database of 4,623 firm-year observations over the 1999 to 2003 period, we find some effects that mirror ones reported in non-Chinese settings, such as positive correlations between firm performance and the proportion of independent board of directors members (BoD) and the frequency of supervisory committee (SC) meetings; as well as positive correlations between earnings informativeness and the proportions of independent BoD and SC members. These exploratory findings provide impetus for further research in the Chinese setting.