Frequencies of board meetings on various topics and corporate governance: evidence from China

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Frequencies of board meetings on various topics and corporate governance : evidence from China. / Ji, Jiao; Talavera, Oleksandr; Yin, Shuxing.

In: Review of Quantitative Finance and Accounting, Vol. 54, No. 1, 01.01.2020, p. 69-110.

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@article{9d55a08406ab41139e6eb893316754b1,
title = "Frequencies of board meetings on various topics and corporate governance: evidence from China",
abstract = "This paper examines the relationship between number of topic-specific board meetings and quality of corporate governance. The quality of corporate governance is estimated by CEO turnover-performance and compensation-performance sensitivities. Information about topic-specific meetings is collected from the reports of independent directors of Chinese listed firms. We find that more frequent discussions of growth strategies related to the use of IPO proceeds, investment and acquisitions increase CEO compensation-performance sensitivity. By contrast, more discussions about the nomination of directors and top management are likely to reduce the sensitivities of both CEO turnover and compensation to performance. Our findings shed light on what makes boards efficient, and how board monitoring of assorted decisions modifies the relationship between CEO interests and firm performance.",
keywords = "Board effectiveness, Board meeting topics, CEO compensation, CEO dismissal, China",
author = "Jiao Ji and Oleksandr Talavera and Shuxing Yin",
year = "2020",
month = jan,
day = "1",
doi = "10.1007/s11156-018-00784-2",
language = "English",
volume = "54",
pages = "69--110",
journal = "Review of Quantitative Finance and Accounting",
issn = "0924-865X",
publisher = "Springer",
number = "1",

}

RIS

TY - JOUR

T1 - Frequencies of board meetings on various topics and corporate governance

T2 - evidence from China

AU - Ji, Jiao

AU - Talavera, Oleksandr

AU - Yin, Shuxing

PY - 2020/1/1

Y1 - 2020/1/1

N2 - This paper examines the relationship between number of topic-specific board meetings and quality of corporate governance. The quality of corporate governance is estimated by CEO turnover-performance and compensation-performance sensitivities. Information about topic-specific meetings is collected from the reports of independent directors of Chinese listed firms. We find that more frequent discussions of growth strategies related to the use of IPO proceeds, investment and acquisitions increase CEO compensation-performance sensitivity. By contrast, more discussions about the nomination of directors and top management are likely to reduce the sensitivities of both CEO turnover and compensation to performance. Our findings shed light on what makes boards efficient, and how board monitoring of assorted decisions modifies the relationship between CEO interests and firm performance.

AB - This paper examines the relationship between number of topic-specific board meetings and quality of corporate governance. The quality of corporate governance is estimated by CEO turnover-performance and compensation-performance sensitivities. Information about topic-specific meetings is collected from the reports of independent directors of Chinese listed firms. We find that more frequent discussions of growth strategies related to the use of IPO proceeds, investment and acquisitions increase CEO compensation-performance sensitivity. By contrast, more discussions about the nomination of directors and top management are likely to reduce the sensitivities of both CEO turnover and compensation to performance. Our findings shed light on what makes boards efficient, and how board monitoring of assorted decisions modifies the relationship between CEO interests and firm performance.

KW - Board effectiveness

KW - Board meeting topics

KW - CEO compensation

KW - CEO dismissal

KW - China

UR - http://www.scopus.com/inward/record.url?scp=85059690648&partnerID=8YFLogxK

U2 - 10.1007/s11156-018-00784-2

DO - 10.1007/s11156-018-00784-2

M3 - Article

AN - SCOPUS:85059690648

VL - 54

SP - 69

EP - 110

JO - Review of Quantitative Finance and Accounting

JF - Review of Quantitative Finance and Accounting

SN - 0924-865X

IS - 1

ER -