[1]
|
F. Zhang, “Thoughts on Independent Director System,” Management World, No. 2, 2003.
|
[2]
|
X. D. Ning, “Directors’ Journey,” Ceocio China, No. 5, 2009.
|
[3]
|
J. N. Gordon, “The Rise of Independent Directors in the United States, 1950-2005: Of Shareholder Value and Stock Market Prices,” Stanford Law Review, Vol. 59, No. 6, 2007, p. 1465.
|
[4]
|
CSRC, “Establishment of Independent Director Systems by Listed Companies Guiding Opinion,” China Securities Regulatory Commission, 2001.
|
[5]
|
F. Lou, “Status Quo of Foreign Research on Independent Director System,” Foreign Economies and Management, No. 12, 2001.
|
[6]
|
Research Center of Shanghai Security Exchange, “Survey of Corporate Governance in China’s Listed Companies: Independence and Efficiency of the Board,” Fudan University Press, 2004.
|
[7]
|
F. Zhou, “Independent Directors’ Background and Gover- nance Performance: Evidence from China’s Listed Com- panies,” Dissertation of Sun Yat-sun University, 2008.
|
[8]
|
A. Smith, “Wealth of Nations,” W. Strahan and T. Cadell, London, 1776.
|
[9]
|
Q. Q. Tang, “Research on the Motivation of Enforcement in China,” Dissertation of Sun Yat-sun University, 2003.
|
[10]
|
M. C. Jensen, W. H. Meckling and S. Field, “Specific and General Knowledge, And Organizational Structure,” Jour- nal of Applied Corporate Finance, Vol. 8, No. 2, 1995, pp. 4-18.
|
[11]
|
B. Xie, W. N. Davidson III and P. J. DaDalt, “Earnings Management and Corporate Governance: The Role of the Board and the Audit Committee,” Journal of Corporate Governance, Vol. 9, No. 3, 2003, pp. 295-316.
|
[12]
|
J. Bedard, S. M. Chtourou and L. Courteau, “The Effect of Audit Committee Expertise, Independence and Acti- vity on Aggressive Earnings Management,” Journal of Practice & Theory, Vol. 23, No. 2, 2004, pp. 13-35.
|
[13]
|
D. M. Bryan, C. Liu and S. L.Tiras, “The Influence of Independent and Effective Audit Committees on Earings Quality,” Working Paper, 2004.
|
[14]
|
J. L. Johnson, C. M. Daily and A. E. Ellstrand, “Boards of Directors: A Review and Research Agenda,” Journal of Management, Vol. 22, No. 3, 1996, pp. 409-438.
|
[15]
|
R. Anderson and J. Bizjak, “An Empirical Examination of the Role of the CEO and the Compensation Committee in Structuring Executive Pay,” Journal of Banking and Finance, Vol. 27, No. 7, 2002, pp. 1323-1348.
|
[16]
|
C. W. Zhao, Y. K. Tang, J. Zhou and H. Zou, “Independent Directors in Family Firms and Firm’s Value: Test on Rationality of Independent Director System in China’s Companies,” Management World, No. 2, 2008.
|
[17]
|
E. Fama and M. C. Jensen, “Separation of Ownership and Control,” Journal of Law and Economics, Vol. 26, No. 2, 1983, pp. 301-325.
|
[18]
|
R. Bushman, Q. Chen, E. Engel and A. Smith, “Financial Accounting Information, Organizational Complexity and Corporate Governance Systems,” Journal of Accounting and Economics, Vol. 37, No. 2, 2004, pp. 167-201.
|
[19]
|
Y. T. Wang, Z. Y. Zhao and X. Y. Wei, “Does Indepen- dence of the Board Affect Firm Performance?” Economic Research Journal, No. 5, 2006.
|
[20]
|
D. L. Xia and S. Zhu, “The Determinants of Independent Directors Compensation and the Features of Corporate Governance,” Nankai Business Review, Vol. 8, No. 4, 2005.
|
[21]
|
G. Wei, Z. Z. Xiao, N. Travlos and H. Zou, “Background of Independent Directors and Corporate Performance,” Economic Research Journal, No. 3, 2007.
|
[22]
|
C.W. Zhao, Y.K. Tang, J. Zhou and H. Qiu, “Family Firm and Firm Value,” Management World, No. 8, 2008.
|
[23]
|
F. Zhou, J. S. Tan and Y. Y. Jian, “Incentive from Reputa- tion or Money?” China Accounting Review, No. 6, 2008.
|
[24]
|
M. Barth, M. Clement, G. Foster and R. Kasznik, “Brand Values and Capital Market Valuation,” Review of Account- ing Studies, Vol. 3, No. 1-2, 1998, pp. 41-68.
|