The efficacy of corporate governance practices are examined in the context of Boards that govern Chinese joint ventures. Results suggest that Board independence and diversity improve JV performance, while larger Boards reduce the dividends paid by JV. Findings are consistent with that adage that manageable-sized Boards should be preferred over larger ones that attempt to include the viewpoints of all possible affected constituents.
Harrigan, Kathryn, and Wei Yang. "Influence of Boards of Directors on Chinese Joint Venture Performance." Working Paper, Columbia Business School, December 27, 2010.
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