Characteristic of board of directors and performance of gem-Listed companies from the prespective of venture capital participation

Yuan Yang; Yi Pan; Bingkun Yang; Wenli Huang (Bank Indonesia Insitute, 2019)

ABSTRACT

This paper uses a difference in difference model to study the impact of venture capital

(VC) participation on board characteristics. Our sample includes companies listed on

the growth enterprise market (GEM) on Chinas Shenzhen stock exchange over the

period 2009 to 2014. Our measure of board characteristics is chief executive officer

(CEO) duality, the scale of the board of directors, and the proportion of independent

directors. Our empirical analysis reveals the following findings: the VC backed GEM

listed companies are more inclined to choose the mode of CEO duality and contain

a large board of directors and a high proportion of independent directors. These

characteristics, we find, are conducive to improving company performance.

Collection Type :	Artikel Jurnal
Call Number :	332 BEMP 22:3 (2019)
Main entry-Personal name :	Yuan Yang, author


Additional entry-Personal name :	Yi Pan, author Bingkun Yang, author Wenli Huang, author



Subject :	Venture capital--china
Publishing :	Jakarta: Bank Indonesia Insitute, 2019

Cataloguing Source :	LibUI eng rda
ISSN :	14108046
Magazine/Journal :	Bulletin of Monetary Economics and Banking
Volume :	Vol. 22, No. 1, 2019: Hal.287-310
Content Type :	text
Media Type :	unmediated
Carrier Type :	volume
Electronic Access :
Holding Company :	Universitas Indonesia
Location :	Perpustakaan UI, lantai 4, R. Koleksi Jurnal

Call Number	Barcode Number	Availability
332 BEMP 22:3 (2019)	03-20-770076899	TERSEDIA

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