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Web of Proceedings - Francis Academic Press

A Study on the Correlation between the Characteristics of Board of Directors and Corporate Performance

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DOI: 10.25236/iwass.2021.003


Yifan Guo

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Yifan Guo


The board of directors is the core organization of listed corporates, undertaking the important decision-making and supervision responsibilities of the corporate. The effectiveness of board governance will have a very important impact on the value and development of the corporate. This paper uses the panel data of Shanghai and Shenzhen A-share listed companies from 2015 to 2018 to study the correlation between the characteristics of the board of directors and corporate performance. The results show that corporate performance is positively correlated with the size of the board of directors and the proportion of independent directors, but not with Chairman and general manager. Based on this, this paper puts forward relevant solutions to improve the relevant system of the board of directors, hoping that the research results will be helpful to the relevant industry.


Board of directors, Characteristics of board of directors, Corporate performance, Correlation