本文的研究成果表现为：(1)界定了董事会效率。
The research results of this text are shown as: (1) Defined the efficiency of board of directors.
利用面板数据模型研究了机构投资者对董事会效率的影响。
The influence of institutional investors on director board efficiency was studied using the panel data model.
无数的董事会和企业主将会验证，限制企业解雇绩效不佳的高薪经理，就是在给提高生产效率和整体业绩拉下手刹。
As countless boards and business owners will attest, constraining firms from firing poorly performing, high-earning managers is a handbrake on boosting productivity and overall performance.
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