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Board chairperson turnover and financial performance: evidence from Chinese firms

Author

Listed:
  • Chaojie Jin

    (Zhejiang Guangsha Vocational and Technical University, and Rennes School of Business)

  • Carole Bonanni

    (Rennes School of Business)

Abstract

This study provides the first empirical evidence on the relationship between the chairman of the board of directors (COB) and corporate financial performance. Using a sample of Chinese A listed firms between 2008-2017, we find reliable evidence that the COB turnover improves corporate financial performance. Moreover, the existence of a majority shareholder (Majority) positively influences corporate financial performance, while firm nature (private majority shareholder or public majority shareholder)(Private) may not.

Suggested Citation

  • Chaojie Jin & Carole Bonanni, 2022. "Board chairperson turnover and financial performance: evidence from Chinese firms," Economics Bulletin, AccessEcon, vol. 42(2), pages 694-702.
    • Handle: RePEc:ebl:ecbull:eb-21-00389
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    File URL: http://www.accessecon.com/Pubs/EB/2022/Volume42/EB-22-V42-I2-P58.pdf
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    More about this item

    Keywords

    Board Chairperson; COB; Turnover; China;
    All these keywords.

    JEL classification:

    • G3 - Financial Economics - - Corporate Finance and Governance

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