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The determinants of the monitoring effectiveness of independent directors: empirical evidence from china's listed firms.

Lui, Kai Yin. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2008. / Includes bibliographical references (leaves 49-55). / Abstracts in English and Chinese. / Abstract --- p.i / Chinese Version --- p.ii / Acknowledgments --- p.iii / Chapter 1 --- Introduction --- p.1 / Chapter 2 --- Literature Review --- p.6 / Chapter 3 --- Research Hypothesis --- p.8 / Chapter 3.1 --- Institutional Setting --- p.8 / Chapter 3.2 --- The Monitoring Effectiveness of Independent Directors --- p.11 / Chapter 4 --- Methodology --- p.15 / Chapter 4.1 --- Negative Opinion Issuances --- p.15 / Chapter 4.2 --- The Personal Characteristics of Independent Directors --- p.17 / Chapter 4.3 --- Control Grouping Methods --- p.21 / Chapter 4.4 --- Board Structure --- p.23 / Chapter 4.5 --- Control Variables --- p.24 / Chapter 4.6 --- Regional Governance --- p.25 / Chapter 4.7 --- ST Companies --- p.27 / Chapter 5 --- Data --- p.29 / Chapter 5.1 --- Negative Opinion Issuance --- p.29 / Chapter 5.2 --- The Personal Characteristics of Independent Directors --- p.30 / Chapter 5.2.1 --- Treatment Group --- p.31 / Chapter 5.2.2 --- Control Group --- p.32 / Chapter 5.3 --- Board Structure --- p.32 / Chapter 5.4 --- Control Variables --- p.33 / Chapter 5.5 --- Regional Governance --- p.34 / Chapter 5.6 --- ST Companies --- p.34 / Chapter 6 --- Empirical Results --- p.36 / Chapter 6.1 --- Testing Means of Two Samples --- p.36 / Chapter 6.2 --- Event Study --- p.37 / Chapter 6.3 --- Logistic Regressions --- p.38 / Chapter 6.3.1 --- The Personal Characteristics of Independent Directors --- p.39 / Chapter 6.3.2 --- Board Structure --- p.40 / Chapter 6.3.3 --- Regional Governance --- p.42 / Chapter 6.3.4 --- Pull Set of Variables --- p.43 / Chapter 6.4 --- Checking Robustness of Results by Using ST Companies --- p.46 / Chapter 7 --- Summary and Conclusion --- p.47 / References --- p.49 / Appendix --- p.56 / "Table 1: Negative Opinion Issuance, Descriptive Statistics" --- p.56 / "Table 2: Negative Opinion Issuance, by Categories" --- p.56 / Table 3: Sample Companies Location Distribution --- p.57 / "Table 4: Personal Characteristics, Descriptive Statistics I" --- p.58 / "Table 5: Personal Characteristics, Descriptive Statistics II" --- p.59 / Table 6: Board Structure and Control Variables: Descriptive Statistics --- p.60 / Table 7: Regional Governance Indices --- p.61 / "Table 8: ST companies, Descriptive Statistics" --- p.62 / Table 9: Negative Opinion Issuance and Company Status Changes --- p.62 / "Table 10: The Level of Negative Opinion Issuance, the Respective Com- panies and Independent Directors Involved" --- p.62 / "Table 11: Personal Characteristics (ST Companies), Descriptive Statistics I" --- p.63 / "Table 12: Personal Characteristics (ST Companies), Descriptive Statistics II" --- p.64 / "Table 13: Board Structure and Control Variables (ST Companies), De- scriptive Statistics" --- p.64 / "Table 14: Mean-Comparison t-test Between Control and Treatment Groups, Personal Characteristics and Board Structure" --- p.65 / "Table 15: Event Study, by Different Event Windows" --- p.66 / "Table 16: Event Study, by Different Categories of Negative Opinions" --- p.66 / Table 17: Logistic Regression - Treatment Group Only (n = 144) --- p.67 / Table 18: Conditional Logistic Regression - Treatment Group and Control Group Paired Together According to Companies (n = 273). Personal Characteristics Variables Only --- p.68 / Table 19: Conditional Logistic Regression - Treatment Group and Control Group Paired Together According to Companies (n = 273). Board Structure and Control Variables Only --- p.69 / Table 20: Conditional Logistic Regression - Treatment Group and Control Group Paired Together According to Companies (n = 273). Regional Governance Only --- p.69 / Table 21: Conditional Logistic Regression - Treatment Group and Control Group Paired Together According to Companies (n = 273). All Variables --- p.70 / Table 22: Conditional Logistic Regression - Treatment Group and Control Group Paired Together According to Companies (n = 273). All Variables --- p.71 / Table 23: Ordered Logistic Regression - ST companies (n = 352) --- p.72

Identiferoai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_326282
Date January 2008
ContributorsLui, Kai Yin., Chinese University of Hong Kong Graduate School. Division of Economics.
Source SetsThe Chinese University of Hong Kong
LanguageEnglish, Chinese
Detected LanguageEnglish
TypeText, bibliography
Formatprint, vi, 72 leaves : ill. ; 30 cm.
CoverageChina, China, China
RightsUse of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/)

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