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Characteristics of board of directors and performance of gem-listed companies from the perspective of venture capital participation

This paper uses a difference-in-difference model to study the impact of venture capital (VC) participation on board characteristics. Our sample includes companies listed on the growth enterprise market (GEM) on China?s Shenzhen stock exchange over the period 2009 to 2014. Our measure of board characteristics is chief executive offic (CEO) duality, the scale of the board of directors, and the proportion of independent directors. Our empirical analysis reveals the following findings: the VC-backed GEM listed companies are more inclined to choose the mode of CEO duality and contain a large board of directors and a high proportion of independent directors. These characteristics, we find, are conducive to improving company performance..

Ketersediaan

Call NumberLocationAvailable
PSB lt.2 - Karya Akhir1
Penerbit Bulletin of Monetary Economics and Banking.,
Edisi -
Subjek Company performance
Venture capital
Board characteristics
in
Difference
differences model
ISBN/ISSN -
Klasifikasi -
Deskripsi Fisik -
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