Empirical Study on Characteristics of Board of Directors and Corporate Performance of Private Enterprises

摘要

Based on the assumptions of influencing factors, the design and measurement of explained variables and explanatory variables, and the construction of regression model, this paper makes descriptive statistical analysis, correlation analysis and regression model analysis on 4288 data of private listed companies in China from 2013 to 2015. The results are as follows: the size of board of directors is positively related to corporate performance. The proportion of independent directors is not related to corporate performance. The frequency of annual meeting of the board of directors is positively related to the performance of the company. The combination of chairman and general manager is not related to enterprise performance. Corporate governance structure has a significant impact on corporate performance.