The Independent Directors Of Listed Companies In China Control Over The Transfer Of Research On The Impact

In order to make the directorate work effectively, it brings independent directorsystem. When all kinds of measures cannot resolve the problem of the corporategovernance in an inside way, the Market for Corporate Control is a good choice in anoutside way. Independent director system has an important influence in the Market forCorporate Control. A great deal of documents have drown this conclusion. In thispaper, different methods are designed to test the impact of independent director intransaction of Corporate Control. Because of history and institution, independentdirector system and the Market for Corporate Control in our country are differ fromthe one in other countries.This paper has separated into five parts. Some conceptions have been introducedin the first part. In the second part, it is illuminated that the impact of independentdirector system on corporation control transaction. The third part analyses theindependent director system and the Market for Corporate Control in our country. Inthe forth part, different computation methods are designed to test the impact ofindependent director in transaction of Corporate Control. It sums up three points. Ifthe independent director can reduce the possibility of the corporate coming to beturned over. If the independent director can impact the price and if the independentdirector can impact the part which overflows the price. In the last part, according tothe evident above, the paper deduces the conclusion.