Does governance reform help? the impact of split share structure reform on corporate board structure in Chinese manufacturing enterprises
Document Type
Article
Publication Date
1-1-2016
Abstract
This study explores the determinants of board size and independence in the Chinese manufacturing industry during the periods before and after the split share structure reform. The results show that with the implementation of the Chinese split share structure reform, corporate governance was impacted positively in terms of the greater board independence. Meanwhile, the mainstream view that non-state enterprises are better governed than state enterprises has found no support. Overall the study suggests that one board size and one type of board independence may not fit all firms under different corporate governance environments.
Keywords
Board independence, Board size, Corporate governance, Split share structure reform
Divisions
FacultyofEconomicsAdministration
Publication Title
Malaysian Journal of Economic Studies
Volume
53
Issue
2
Publisher
Malaysian Economic Association