A Study of Independent Directors and Corporate Financial Risk
DOI:
https://doi.org/10.54691/bcpbm.v25i.1695Keywords:
Corporate financial risk, Independent directors, Personal characteristics empirical analysisAbstract
In the field of corporate finance research, the research on corporate financial risk has received a high degree of attention. Modern corporate financial management requires corporate managers to break through the shackles of traditional concepts and establish a correct risk concept: dare to face risks, challenge them, and master them. This paper proposes four hypotheses for the relationship between the characteristics of independent directors and corporate financial risk: there is a negative correlation between the average age of independent directors and corporate financial risk, and there is a negative correlation between independent directors' meeting attendance and corporate financial risk. There is a negative correlation between the relationship, male proportion of independent directors and corporate financial risk, and there is a negative correlation between independent directors' educational background and corporate financial risk.
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