| Issue |
SHS Web Conf.
Volume 169, 2023
4th International Symposium on Frontiers of Economics and Management Science (FEMS 2023)
|
|
|---|---|---|
| Article Number | 01041 | |
| Number of page(s) | 8 | |
| DOI | https://doi.org/10.1051/shsconf/202316901041 | |
| Published online | 29 May 2023 | |
An Empirical Analysis of the Impact of Independent Director Characteristics on Enterprise Financial Risk
International Economics and Trade, International College, Hebei University, Baoding, China
The financial risk of enterprises is crucial to business managers and investors, and the establishment of the independent director system is intended to address the financial risk generated internally by enterprises. However, in recent years, the system of independent directors has increasingly been criticized, and its impact on corporate financial risk is also being questioned. Herein, through empirical research methods, we have studied the relationship between independent directors and financial risk. We found that the opinions of independent directors, their professional backgrounds, and the size of the board of directors have a significant impact on financial risk. This could provide a reference for optimizing the system of independent directors.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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