Research on the Relationship between Board Composition and Managerial Control Mechanism of the Firm
董事会构成与经理控制机制关系研究

In this paper, we research the relationship between the corporate board composition and the managerial control mechanism, such as CEO compensation, executive stock ownership, and the CEO's position in the board. We present a structure equation model of the board\|structure\|independence and the managerial control mechanism. The evidence cannot reject the model in the mass, and the significant meaning of the board construction for corporate governance practicing in China is discussed.