Manager Power and its Influence on Board Independence ——Evidence from China’s Listed Companies
LI Hong-yu1, LU Zhi-qiang2, YAO Hai-xin3
(1. Business School, Ningbo University, Ningbo 315211; 2. Business School,Ningbo University of Technology, Ningbo 315211; 3. Business School, Liaoning University, Shenyang 110036，China)
Abstract Based on China’s System background and organizational behavior, this paper empirically tests the influence of manager power with board independence with data of China’s A-share listed companies during 2006-2008 in respect of manager age, manager tenure and manager shareholding ratio to measure manager power. It is found that manager power is an important factor to influence board independence, and its impact on corporate internal governance mechanism can not be neglected.
LI Gong-Yu,LIU Zhi-Jiang,TAO Hai-Xin-3. Manager Power and its Influence on Board Independence ——Evidence from China’s Listed Companies. Economic Survey, 2013, 1(1): 099.
2013, Vol. 1 
