| Around the world, the board of directors governance has always been the hot spot of the international academic field. Over the past 20 years, the board of directors governance research from gradually is given priority to with the United States to Britain, America, Japan, Germany and other major developed countries, further extend to the transition of the emerging market economies. Many scholars to expand the basis of the research by the board of directors governance research to the board of directors governance and corporate performance relationship of empirical analysis, trying to explore the board governance structure influence on enterprise performance, in order to improve the quality of board governance to improve business performance, such as board size, independent directors proportion, the relationship between the two as part-time is equal to the enterprise performance. However, how to build a framework for corporate governance structure of the board of directors and the region, become a problem generally academic debate. Since the independent director system is introduced into our country, scholars both at home and abroad on the board of directors governance research in China emerge in endlessly, but had been inconclusive. This brings to the enterprise managers and policy makers must be confused., though some scholars in traditional qualitative method of literature review, research in our country in recent years, the board of directors governance summary, but the traditional descriptive literature review with a certain subjective one-sidedness, the author often lack the support of powerful scientific and objective and provides a set of effective system of repeatable research.This paper uses the element analysis(Meta-analysis) method, through the collection of the academic database since 2002 on the relationship between board structure and corporate performance management literature, and collected in accordance with the established standard of literature, co integration 38 articles in English literature, including journals, conference papers were published 22 papers, doctoral dissertation 16 papers, 91 research variables, a total sample of 31737 obtained by Pearson correlation coefficient of effect value. By element analysis method can not only keep the characteristics of traditional research review of comprehensive, and can overcome the shortcomings of traditional paper, draw a more universal conclusion, make the conclusion more scientific and objective. Then through the analysis of element analysis data of CMA2.0 professional software.Based on recent empirical research literature on corporate governance. Based on recent empirical research literature on corporate governance, this article uses Meta-analysis to study the effect of corporate governance in our country.the results show that with the increase of the size of the board, along with improved business performance; no evidence that the proportion of independent directors of the Board will increase to improve business performance, duality of chairman of the board and general manager has a significant positive effect. Second, duality of chairman of the board, and general manager in state-owned enterprises will have a serious negative impact on the performance,the conclusion supports the privatization of state-owned enterprises reform policies correctness. Third, the traditional principal-agent theory does not explain the relationship of a good board composition and corporate performance, resource dependency theory, but to better explain the effectiveness of the Board of Management. These studies not only enriches the study of the board governance efficiency, but also for all the recent debate about the relationship between our Board composition and corporate performance made a summary and conclusions are given with a universal one, so for China practitioners and policy makers in corporate governance, provide some reference... |
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