Board independence, state ownership and stock return volatility during Chinese state enterprise reform

2018 ◽  
Vol 18 (2) ◽  
pp. 220-232 ◽  
Author(s):  
Cheng Zhang ◽  
Kee Cheok Cheong ◽  
Rajah Rasiah
Keyword(s):  
Stock Return ◽  
State Ownership ◽  
State Enterprise ◽  
Board Independence ◽  
Return Volatility ◽  
Enterprise Reform ◽  
Stock Return Volatility ◽  
Chinese State

scholarly journals The monitoring role of nonexecutive directors in Vietnam from a return-volatility perspective

2020 ◽  
Vol 65 (224) ◽  
pp. 29-51
Author(s):  
Anh To ◽  
Quoc Tran ◽  
Thi Tran ◽  
Kim Thai ◽  
Thi Ho
Keyword(s):  
Stock Market ◽  
Agency Theory ◽  
Stock Return ◽  
Board Independence ◽  
Return Volatility ◽  
Executive Directors ◽  
Firm Risk ◽  
Stock Return Volatility ◽  
Alternative Measures

This study examines the relevance of board independence to stock return volatility for a sample of 160 companies listed on the Vietnamese stock market over ten years (2008-2017). After controlling for potential endogeneity, we find that the presence of non-executive directors on the board tends to increase firm risk. The results indicate that non-executive directors do not play a supervisory role under the agency theory. Our findings remain robust when we apply alternative measures of the dependent variable.

scholarly journals Foreign Equity Trading and Average Stock-Return Volatility

2012 ◽  
Author(s):  
Mehmet Umutlu ◽  
Levent Akdeniz ◽  
Aslihan Altay Salih
Keyword(s):  
Stock Return ◽  
Return Volatility ◽  
Stock Return Volatility ◽  
Equity Trading
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