TITLE:
The Impact of Independent Directors’ Performance on Corporate Performance—Based on the Regulatory Role of Human Capital
AUTHORS:
Jun Zhou, Zaohua Liu
KEYWORDS:
Independent Director, Performance Behavior, Human Capital, Corporate Performance
JOURNAL NAME:
iBusiness,
Vol.13 No.1,
March
23,
2021
ABSTRACT: Based on the sample of A-share listed companies from
2011 to 2018, this paper analyzes the relationship between the performance of
independent directors and corporate performance, and the moderating effect of
independent directors’ human capital on the above relationship from three
perspectives: Meeting attendance, dissenting behavior and resignation behavior.
The results show that: 1) Meeting attendance is not related to the company’s
performance, and the independent director’s dissenting behavior and resignation
behavior improve the company’s performance; 2) The independent director’s human
capital enhances the relationship between the attendance at the meeting and the
company’s performance, which turns the two into a significant positive
correlation; strengthens the positive correlation between the dissenting
behavior and the company’s performance; strengthens the positive correlation
between the resignation behavior and the company’s performance correlation. The
study of this paper is conducive to comprehensively and reasonably evaluate the
performance of independent directors and play the role of independent
directors.