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Chaojie Jin and Carole Bonanni
''Board chairperson turnover and financial performance: evidence from Chinese firms''
( 2022, Vol. 42 No.2 )
This study provides the first empirical evidence on the relationship between the chairman of the board of directors (COB) and corporate financial performance. Using a sample of Chinese A listed firms between 2008-2017, we find reliable evidence that the COB turnover improves corporate financial performance. Moreover, the existence of a majority shareholder (Majority) positively influences corporate financial performance, while firm nature (private majority shareholder or public majority shareholder)(Private) may not.
Keywords: Board Chairperson, COB, Turnover, China
JEL: G3 - Corporate Finance and Governance: General
Manuscript Received : Apr 26 2021 Manuscript Accepted : Jun 30 2022

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