Notice of RetractionResearch on the Governance Effect of Board Size: An New Explanation from Performance Variability

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Beside the performance absolute value is an important criterion to evalue the governance effect of board of directors, performance variability is also an important criterion. This paper explores the relationship between board of directors´ size and performance variability in Chinese listed companies from 2000 to 2007. We find that large board can reduce the variability of performance. Further exploration shows that board size can indirectly reduce the variability of performance by reducing the variability of operating accruals, non-regular income and operating discretional accrual.