Research On The Influence Of Independent Directors' Characteristics On The Sustainable Growth Of Enterprises

In the 21st century,the international economic arena lumpy,in China in order to adapt to this "new normal","bite" economic development this hoe,comrade Xi Jinping as the core of the fourth generation of collective leadership proposed with new eyes to look at the economic development of our country,aside to GDP "old appraisal standards,establish stability standards,stable and promising development view,calm,the scientific judgment of the situation,both near and far,out of the rapid growth of the" kink ",maintain its phase to meet the growth rate,establish maintain a sustained and stable economic development of the vane.With the rapid development of economic globalization and capital market,in fresh air to the Chinese economy to the subject under the guidance,enterprises gradually will also achieve sustainable growth as a new strategic goal,Enterprise how to achieve sustainable growth and actual growth between corresponds to the"growth" is becoming the enterprise make real sense of the core node.And independent director of introduction to damage the interests of the enterprise behavior is constrained,enterprises will get considerable development,at the same time in the society of the importance of continued steady growth trend,the independent director system will become to achieve sustainable growth of enterprises excellent help thrust.the independent director system will surely become a boost for enterprise sustainable growth.According to the theory of higher order,this paper selects a few characteristics of verification of different characteristics of independent directors system for enterprises to achieve sustainable growth.The 2009-2014 Shanghai and Shenzhen listed companies as the object of study by theoretical analysis,descriptive analysis,correlation and regression model analysis and other research and analysis methods,to explore the proportion of independent directors,salary,age,education level and living place and location is consistent with five characteristics of the sustainable growth of the enterprise to achieve the level of impact.Empirical results show that:different independent directors can promote the realization of sustainable growth of the enterprise;the lower the proportion of independent directors,the sustainable growth of the enterprise to achieve better;independent directors of the higher age and sustainable growth of the enterprise to achieve better the extent;the education level of independent directors and independent directors' remuneration both are a significant negative correlation with the sustainable growth of the realization degree.The conclusion of this paper closely with China today's political background,reveals the characteristics of independent directors to achieve sustainable development of enterprises and enhance the role of enterprise performance,help to our country enterprise in-depth understanding of the various features of independent directors of the impact on the sustainable growth of the enterprise to achieve,also help enterprises to choose independent directors to provide new reference.