On Whether the Authority of the Board of Directors Inhibits Corporate Violations
This paper takes the example of China's state-owned listed companies from 2011 to 2019 as a sample,and takes the authority of the board of directors as the starting point,to empirically test their impact on corporate violations.Studies find that the authority of the board of directors significantly inhibits the tendency and severity of the violation.The further research shows that the authority of the board of directors inhibits the violation by reducing agency costs.The research in this paper suggests that authority of the board of directors plays an important role in inhibiting violations in state-owned listed companies and provides new reference ideas for board reform in state-owned enterprises.
corporate violationsauthority of the board of directorsagency costsstate-owned enterprises
NETL
NSTL
万方数据
维普
