Study on relationship between board characteristics and sustainable growth of family listed companies

摘要

This study explores the relationship between board characteristics and sustainable growth of family listed companies, based on 2009-2012 including 93 family listed companies totally 372 samples. After empirical study, we find that: there is a significant positive correlation between the proportion of independent directors, board meetings, chairman stake and sustainable growth of family listed companies; however, the size of the board directors has a significant negative correlation with sustainable growth of the family listed companies, that is, the more members of the board, the less conducive they are to the sustainable growth of the family business; whether uniting chairman and general manager or not, director's compensation, there is no significant positive correlation with sustainable growth of Family listed companies.