| Status | 已發表Published |
| Board Sharing of Surnames and Investment Efficiency | |
Zhang, Y. ; Huang, B. 
| |
| 2018-12-01 | |
| Source Publication | The Development of Capital Markets and the Reform of Corporate Governance in Emerging Markets”
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| Abstract | We examine the effects of board sharing of surnames on family and non-family firms’ investment efficiency. By data of listed companies in China from 2003 to 2017, we find that greater sharing of surnames among board of directors is significantly negative related to investment efficiency in family firms potentially because of less monitoring, while for non-family firms boards with greater surname sharing are significantly associated with higher investment efficiency potentially because of better communication among directors. Furthermore, the above relations are enhanced, also the gap of influences from board surname sharing between two groups (family vs non-family) become larger in firms operated in stronger regional clan systems. Our results firstly present two contrary effects of board sharing of surnames on firms with different ownerships and shed light on recent studies in terms of board diversity and corporate governance. |
| Keyword | Surname board diversity investment efficiency |
| Language | 英語English |
| The Source to Article | PB_Publication |
| PUB ID | 45684 |
| Document Type | Conference paper |
| Collection | DEPARTMENT OF FINANCE AND BUSINESS ECONOMICS |
| Recommended Citation GB/T 7714 | Zhang, Y.,Huang, B. . Board Sharing of Surnames and Investment Efficiency[C], 2018. |
| APA | Zhang, Y.., & Huang, B. (2018). Board Sharing of Surnames and Investment Efficiency. The Development of Capital Markets and the Reform of Corporate Governance in Emerging Markets”. |
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