An Empirical Study On The Influence Of Board Characteristics On Corporate Performance

With the rapid development of social economy,especially the impact of big data platform on economic life has become more and more intense,and the concept of exponential organization has been put forward,the corporate governance structure has become particularly prominent.The board of directors,as the decision-making body,how to achieve the goal of great change and become a competitive advantage,how to make the members of the board of directors truly focus on the interests of the company,when the company is faced with major decisions or conflicts of interest with shareholders,and other harm to the company's interests,how to balance and effectively protect the interests of the company has become a top priority and become an important driving factor to achieve exponential growth of enterprises has become crucial.The board of directors is elected by the general meeting of the shareholders and is the representative organization of the interests of the shareholders.In reality,they control the internal affairs of the company on the one hand,on the other hand,they master the development orientation of the company,and they are in the core position in the company structure,the efficiency of management and decision-making has a direct impact on the performance of the company and the interests of shareholders,and the structure of the board of directors plays a decisive role in the governance efficiency of the board of directors,so the characteristics of the board of directors have a significant impact on the performance of the company.Recently,the concept of Index Organization is well known by the public and has become the trend of enterprise development,as the core decision-making body,the board of directors,how to correctly grasp the development direction of the company,it is very important to realize the macro-goal transformation and develop it into an important driving factor for the enterprises to realize the exponential growth.More and more people begin to value and study the mutual relationship between board characteristics and corporate performance,so the research on the relationship between board structure characteristics and corporate performance is more practical.Domestic experts and scholars have also done a lot of research on the impact of board characteristics on corporate performance,mainly from the relationship between the two as well as the size of the board of directors,independent directors,the separation of the two situation,director incentives and so on to do a lot of research.The structure of the board of directors has an obvious impact on the company's governance and operation,and can further indirectly affect the company's operating performance,thereforethe normal operation of the governance mechanism of the board structure is one of the important mechanisms to ensure the normal operation of the company.The company shall optimize and improve the composition and structure of the board of directors,the incentive mechanism for independent directors and directors,and the efficiency of board meetings,so as to give full play to the top-down governance role of the board of directors,it is of practical significance to improve the performance of the company,to diagnose the bad enterprises,to determine the focus of the disease,to prescribe the right medicine for the disease,and to put forward optimization suggestions for building the index-type Organization through theoretical analysis.This paper starts from the perspective of exponential organization,taking the characteristics of the board of directors as the research object,select the number of board of directors,the proportion of independent directors,whether the chairman of the board is also a manager,the proportion of shareholders of board members,the number of meetings,female directors,educational level and other characteristics.In the light of the changing world situation,this paper examines the impact of various board characteristics on corporate performance through the correlation analysis between each variable factor and corporate performance,based on the attribute of index-type organization,this paper puts forward some suggestions on how to perfect the board of directors and how to transform the enterprise to index-type organization.