Shusheng Ding
Impact of Board Structure on Chinese Firms' Cross- Border M&A Performance
Ding, Shusheng; Du, Min; Cui, Tianxiang; Zhang, Yongmin; Duygun, Meryem
Abstract
The impact of corporate board characteristics on firm performance continues to be an issue that has given risen to a set of polarizing corporate governance doctrines. In this paper, we identify the impact of corporate board characteristics on Chinese firms’ cross-border Mergers and Acquisition(M&A) performance. We unveil that female board proportion and board memberage diversity exhibit positive and significant effect on cross-border M&A performance, while board member education level difference plays a negative role on cross-border M&A performance. We further introduce an optimization model called Particle Swarm Optimization(PSO) to addressthe optimal board structure. We demonstrate that a better organized board structure, such as increasing female board presentation and board memberage diversity, could be in favor of cross-border M&A performance for Chinese firms.
Citation
Ding, S., Du, M., Cui, T., Zhang, Y., & Duygun, M. (2019, October). Impact of Board Structure on Chinese Firms' Cross- Border M&A Performance. Paper presented at Vietnam Symposium in Banking and Finance, Hanoi, Vietnam
Presentation Conference Type | Conference Paper (unpublished) |
---|---|
Conference Name | Vietnam Symposium in Banking and Finance |
Start Date | Oct 24, 2019 |
End Date | Oct 26, 2019 |
Deposit Date | Nov 30, 2022 |
Public URL | http://researchrepository.napier.ac.uk/Output/2967911 |
Publisher URL | https://vsbf2019.sciencesconf.org/resource/page/id/2 |
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