Dissertation > Excellent graduate degree dissertation topics show

Independent director system impact analysis on the performance of the company

Author: ZhouHongQin
Tutor: FengJian
School: Southwestern University of Finance and Economics
Course: Accounting
Keywords: Independent Directors Family Business Performance of the company Empirical research
CLC: F224
Type: Master's thesis
Year: 2011
Downloads: 148
Quote: 0
Read: Download Dissertation

Abstract

Independent director system is to improve the corporate governance structure of an important innovation in the Western countries, the independent director system in theory and practice the important value of their existence and significance in improving the corporate governance structure, execution have played a supervisory role significant role. 2001, listed companies in order to solve the serious problem of agents and internal control, and promote the standardized operation of listed companies to enhance the quality of listed companies, China's learn from Western experience, decided to introduce a system of independent directors of listed companies, since then, the independent director system in our country officially rooting settled. So far, the independent director system has been practiced in our country has 10 years, and its listed companies are able to play an active and effective role, which related scholars have done a lot of research, but there is no consistent conclusion. Is the case, this article on this issue from the perspective of the family of listed companies to explore further uncover the veil of independent director system. Family enterprises in China's economic development occupies an important position, more than 90% of private enterprises are family businesses, on China's economic development has a significant contribution. Chinese family of listed companies and the domestic capital market development is closely related to the improvement, how to improve the governance of listed companies in the domestic family situation, to protect the interests of minority shareholders, and promote China's capital market and financial market development is also our most pressing problem, therefore, from the perspective of the family of listed companies on corporate governance independent director system efficiency and performance, and puts forward constructive policy recommendations, has important economic significance. This paper is divided into six chapters, the layers on the independent director system to analyze the expansion, as follows: The first chapter introduces the research background and significance, leads to the topic of this article, the article then explains research ideas and methods from the whole of the article about research for understanding. The second chapter reviews the independent family enterprise with the independent director system overview related research to better understand the previous academic research results related to this issue can be a good grasp on the whole energy research priorities. Independent director system also introduced the relevant theoretical basis, theoretically independent director system analysis demonstrates the existence of an independent director system is important. The third chapter is an independent director of listed companies in the family mechanism analysis, including the development of independent directors of listed companies and family Mechanism of Independent Director System Analysis. Chapters IV and V of this part of the empirical analysis, by selecting 2009 family of companies listed in Shanghai and Shenzhen as samples, excluding non-recurring gains and losses on equity was the dependent variable; proportion of independent directors, independent directors' remuneration , the independent directors meeting was to ground the explanatory variables; asset-liability ratio, the natural logarithm of total assets, the first largest shareholding ratio and control rights and cash flow rights for the control variables, the establishment of multiple regression model, the data collected, descriptive statistical analysis and multiple linear regression analysis, the final draw conclusions, the findings show that only the independent directors' remuneration and company performance positively correlated, while the proportion of independent directors and independent directors meeting attendance rate and the performance of the company to a non-related, through the This conclusion is further analysis of the deep. Chapter five policy recommendations section, through the independent director system analysis, we found independent director system in our country there are many shortcomings, this gives a targeted policy recommendations to better improve the independent director system, so that its listed companies in China can play a better role in improving the corporate governance structure, improve company performance. The main innovations are the following: First, we analyze selected family business perspective, different from the more common now generally listed company research, research perspective is relatively new; Secondly, the paper of the Chinese family business independent director system factors and corporate performance indicator variable as the theoretical basis of empirical tests, that this is the second innovation; once again, the paper selected to exclude non-recurring asset yield performance indicators, to avoid greater volatility of net profit, more objective. Finally, the independent director system on a comprehensive analysis, the proposed targeted recommendations for the independent director system has contributed to the improvement. This thesis there are also disadvantages: Firstly, it is reflected in the selection of samples of uncertainty, which leads us to the screening of samples and previous scholars have some differences in diameter, may affect results. Second, in some of the data collation process, some done by hand, so there may be some errors on the empirical analysis may have some impact.

Related Dissertations

CLC: > Economic > Economic planning and management > Economic calculation, economic and mathematical methods > Economic and mathematical methods
© 2012 www.DissertationTopic.Net Mobile