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Board independence and corporate governance: Mediating role of financial asset allocation

Author

Listed:
  • Li, Huxing
  • Zhou, Cheng
  • Ling, Yixin
  • Du, Shilin
  • Tian, Grace Li

Abstract

This study examined the impact of board independence on corporate governance and the mediating role of financial asset allocation. Data analysis of nonfinancial A-share companies in Shanghai and Shenzhen from 2015 to 2022 indicates that board independence positively correlated with corporate governance level; this was partially mediated by financial asset allocation. The findings can optimize board structure and improve corporate capital structure and governance levels.

Suggested Citation

  • Li, Huxing & Zhou, Cheng & Ling, Yixin & Du, Shilin & Tian, Grace Li, 2025. "Board independence and corporate governance: Mediating role of financial asset allocation," Finance Research Letters, Elsevier, vol. 72(C).
    • Handle: RePEc:eee:finlet:v:72:y:2025:i:c:s1544612324015319
    DOI: 10.1016/j.frl.2024.106502
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    References listed on IDEAS

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