Work

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

Year: 2024

Type: article

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.

Source: Finance research letters

DOI: 10.1016/j.frl.2024.106502

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

Institutions: Peking University, Southwestern University of Finance and Economics, Renmin University of China, Southern Medical University, Harvard University

Language: English

Topic: Corporate Finance and Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $3,350

OpenAlex ID: W4404651809

FWCI: 7.053

Cites: 25

Cited by: 7

Related to: 10