The multilevel determinants of overlapping membership on board committees: Evidence from Chinese banks

IF 6.3 2区经济学 Q1 BUSINESS, FINANCE

Research in International Business and Finance Pub Date : 2024-10-09 DOI:10.1016/j.ribaf.2024.102612

Feng Wei, Binyan Ding

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Abstract

This study manually collects data on 4090 board committee members from 36 listed banks in 11 regions of China from 2007 to 2020, uses a hierarchical linear model, and integrates institutional and resource dependence theories to examine the multilevel determinants of overlapping membership on board committees. The results show that lower legalization and the absence of chief risk officers promote overlapping membership on board committees. Directors who have financial expertise, are shorter-tenured, and do not have social relationships with senior leaders sit on more board committees. Further analysis shows that information and resource needs are more likely to drive overlapping membership on board monitoring committees, and independent directors with lower information acquisition costs sit on more board committees. The moderating analysis between multilevel factors shows that legalization and the presence of chief risk officers substitute for, while religion and board interlocks complement director-level information and resource needs.

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董事会委员会成员重叠的多层次决定因素：来自中国银行的证据

本研究人工收集了中国 11 个地区 36 家上市银行 2007 年至 2020 年 4090 名董事会委员会成员的数据，采用层次线性模型，结合制度理论和资源依赖理论，考察了董事会委员会成员重叠的多层次决定因素。结果表明，较低的法律化程度和首席风险官的缺失会促进董事会委员会成员的重叠。拥有财务专业知识、任期较短、与高层领导没有社交关系的董事会参加更多的董事会委员会。进一步的分析表明，信息和资源需求更有可能导致董事会监督委员会成员的重叠，而信息获取成本较低的独立董事则会加入更多的董事会委员会。多层次因素之间的调节分析表明，合法化和首席风险官的存在替代了董事层面的信息和资源需求，而宗教和董事会互锁则补充了董事层面的信息和资源需求。

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来源期刊

Research in International Business and Finance BUSINESS, FINANCE-

CiteScore

11.20

自引率

9.20%

发文量

240

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