Academic Journal of Business & Management, 2024, 6(10); doi: 10.25236/AJBM.2024.061037.
Dong Guoping, Ma Guifen, Xu Yue
Guangzhou Huashang College, Guangzhou, China
This paper empirically examines the impact of financial independent directors' tenure on stock price crashes, using listed companies from 2014 to 2020 as the research sample. The empirical results show a significant positive correlation between independent directors' tenure and stock price crashes. Moreover, compared to state-owned enterprises, the tenure of financial independent directors in non-state-owned enterprises has a more pronounced positive impact on stock price crashes. Further research reveals that the number of board meetings attended by independent directors does not effectively mitigate the risk of stock price crashes.
Independent Directors' Tenure, Independent Directors' Attendance, Stock Price Crash
Dong Guoping, Ma Guifen, Xu Yue. Research on the Impact of Independent Directors' Tenure on Stock Price Crashes. Academic Journal of Business & Management (2024) Vol. 6, Issue 10: 256-262. https://doi.org/10.25236/AJBM.2024.061037.
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