论文部分内容阅读
本研究以2009年和2010年韩国交易所(KRX:Korea Exchange)上市的586个公司的面板数据为样本,实证分析独立董事参加董事会的比率对公司价值的影响。研究表明:公司价值与独立董事参加比率没有呈显著的正向关系。这说明,自1998年2月以来,韩国公司采用的独立董事制度没有发挥重大作用。本研究还通过Lagrange乘数检验和F-检验发现面板回归分析方法的必要性。
Based on the panel data of 586 companies listed on the KRX: Korea Exchange in 2009 and 2010, this study empirically analyzes the impact of the ratio of independent board members to the board of directors on the value of the company. The research shows that there is no significant positive relationship between the company’s value and the percentage of independent directors attending. This shows that the system of independent directors adopted by Korean companies has not played a significant role since February 1998. In this study, the necessity of panel regression analysis was also found by Lagrange multiplier test and F-test.