Study on Relationship between Board Characteristics and Sustainable Growth of Family Listed Companies
Science Journal of Business and Management
Volume 3, Issue 1, February 2015, Pages: 11-16
Received: Dec. 2, 2014; Accepted: Dec. 17, 2014; Published: Jan. 26, 2015
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Authors
Xuexin li, Business School of Liaoning University, Research Interest: Business Management, Shenyang, P.R. China
Zhenzhen liu, Business School of Liaoning University, Research Interest: Business Management, Shenyang, P.R. China
Fengyu Ren, Business School of Liaoning University, Research Interest: Business Management, Shenyang, P.R. China
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Abstract
This study explores the relationship between board characteristics and sustainable growth of family listed companies, based on 2009-2012 including 93 family listed companies totally 372 samples. After empirical study, we find that: there is a significant positive correlation between the proportion of independent directors, board meetings, chairman stake and sustainable growth of family listed companies; however, the size of the board directors has a significant negative correlation with sustainable growth of the family listed companies, that is, the more members of the board ,the less conducive they are to the sustainable growth of the family business; whether uniting chairman and general manager or not, director's compensation, there is no significant positive correlation with sustainable growth of Family listed companies.
Keywords
Family Listed Companies, Board Characteristics, Sustainable Growth
To cite this article
Xuexin li, Zhenzhen liu, Fengyu Ren, Study on Relationship between Board Characteristics and Sustainable Growth of Family Listed Companies, Science Journal of Business and Management. Vol. 3, No. 1, 2015, pp. 11-16. doi: 10.11648/j.sjbm.20150301.12
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