Does the board's on-site decision inhibit over-investment.

It is an effective expansion of the research on the Board of Directors to do the research based on different board meeting forms and their effects sampling A-share companies listed in 2007-2017, the article empirically tests the impact of the times of board meetings, the proportion of on-site board...

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Autores principales:	Xiaofei Shi, Fei Zhao, Long Xu, Na Bian, Fengfei Wang
Formato:	article
Lenguaje:	EN
Publicado:	Public Library of Science (PLoS) 2021
Materias:	Medicine R Science Q
Acceso en línea:	https://doaj.org/article/8ffbe3b9263f4812a269cd175e8f2e19
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spelling	oai:doaj.org-article:8ffbe3b9263f4812a269cd175e8f2e192021-12-02T20:18:41ZDoes the board's on-site decision inhibit over-investment.1932-620310.1371/journal.pone.0255453https://doaj.org/article/8ffbe3b9263f4812a269cd175e8f2e192021-01-01T00:00:00Zhttps://doi.org/10.1371/journal.pone.0255453https://doaj.org/toc/1932-6203It is an effective expansion of the research on the Board of Directors to do the research based on different board meeting forms and their effects sampling A-share companies listed in 2007-2017, the article empirically tests the impact of the times of board meetings, the proportion of on-site board meetings on listed companies' over-investment. Consequently and significantly, the times of board meetings is positively correlated with over-investment, while the proportion of on-site board meetings is negatively correlated with over-investment. That is, the on-site meeting for the Board decision-making will better inhibit the enterprises' over-investment behaviors. Further research shows that when there is a controlling shareholder in the company or in a dual position, the on-site board meeting no longer has a significant inhibitory effect on over-investment. By research on the independence of the Board of Directors, it is found that when selecting on-site board decision-making, the existence of independent directors has an over-investment suppression effect, and the higher the proportion of independent directors, the more obvious the inhibitory effect is. The samples are divided into state-owned enterprises and private enterprises, the study found that when choosing on-site board meetings, state-owned enterprises have a greater inhibitory effect on over-investment than private enterprises. The findings of this study will enrich the research of the board meeting and provide a new testing method for the relevant research of the Board of Directors.Xiaofei ShiFei ZhaoLong XuNa BianFengfei WangPublic Library of Science (PLoS)articleMedicineRScienceQENPLoS ONE, Vol 16, Iss 8, p e0255453 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Medicine R Science Q
spellingShingle	Medicine R Science Q Xiaofei Shi Fei Zhao Long Xu Na Bian Fengfei Wang Does the board's on-site decision inhibit over-investment.
description	It is an effective expansion of the research on the Board of Directors to do the research based on different board meeting forms and their effects sampling A-share companies listed in 2007-2017, the article empirically tests the impact of the times of board meetings, the proportion of on-site board meetings on listed companies' over-investment. Consequently and significantly, the times of board meetings is positively correlated with over-investment, while the proportion of on-site board meetings is negatively correlated with over-investment. That is, the on-site meeting for the Board decision-making will better inhibit the enterprises' over-investment behaviors. Further research shows that when there is a controlling shareholder in the company or in a dual position, the on-site board meeting no longer has a significant inhibitory effect on over-investment. By research on the independence of the Board of Directors, it is found that when selecting on-site board decision-making, the existence of independent directors has an over-investment suppression effect, and the higher the proportion of independent directors, the more obvious the inhibitory effect is. The samples are divided into state-owned enterprises and private enterprises, the study found that when choosing on-site board meetings, state-owned enterprises have a greater inhibitory effect on over-investment than private enterprises. The findings of this study will enrich the research of the board meeting and provide a new testing method for the relevant research of the Board of Directors.
format	article
author	Xiaofei Shi Fei Zhao Long Xu Na Bian Fengfei Wang
author_facet	Xiaofei Shi Fei Zhao Long Xu Na Bian Fengfei Wang
author_sort	Xiaofei Shi
title	Does the board's on-site decision inhibit over-investment.
title_short	Does the board's on-site decision inhibit over-investment.
title_full	Does the board's on-site decision inhibit over-investment.
title_fullStr	Does the board's on-site decision inhibit over-investment.
title_full_unstemmed	Does the board's on-site decision inhibit over-investment.
title_sort	does the board's on-site decision inhibit over-investment.
publisher	Public Library of Science (PLoS)
publishDate	2021
url	https://doaj.org/article/8ffbe3b9263f4812a269cd175e8f2e19
work_keys_str_mv	AT xiaofeishi doestheboardsonsitedecisioninhibitoverinvestment AT feizhao doestheboardsonsitedecisioninhibitoverinvestment AT longxu doestheboardsonsitedecisioninhibitoverinvestment AT nabian doestheboardsonsitedecisioninhibitoverinvestment AT fengfeiwang doestheboardsonsitedecisioninhibitoverinvestment
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Does the board's on-site decision inhibit over-investment.

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