家族化管理、两权分离与会计稳健性

发布时间：2018-08-30 17:13

【摘要】：家族上市公司中,实际控制人或其他家族成员参与管理与否影响到两类代理问题和会计信息供求,从而影响会计稳健性。本文基于2008~2012年间A股家族上市公司数据,探讨家族化管理对会计稳健性的影响。研究发现,在家族化管理的情景下,会计稳健性相对较低,且家族化管理程度越高,会计稳健性越低。进一步检验发现,两权分离能显著弱化家族化管理程度较弱一方对会计稳健性的正向促进作用。结论证明了家族企业治理模式中高管职业化制度推行的重要性与必须性,同时也为中国公司治理领域高管激励与约束、职业经理人市场的完善提供了借鉴意义。
[Abstract]:In the family listed companies, whether the actual controller or other family members participate in the management or not affects two kinds of agency problems and accounting information supply and demand, thus affecting the accounting conservatism. Based on the data of A-share listed companies from 2008 to 2012, this paper discusses the impact of familial management on accounting conservatism. It is found that the accounting conservatism is relatively low under the situation of family management, and the higher the degree of family management is, the lower the accounting conservatism is. Further tests show that the separation of two rights can significantly weaken the positive effect of the weaker family management on accounting conservatism. The conclusion proves the importance and necessity of the implementation of the high management professionalization system in the family business governance model, and at the same time, it provides a reference for the encouragement and restraint of the senior executives in the field of corporate governance and the perfection of the professional manager market in China.
【作者单位】：南开大学中国公司治理研究院;南开大学商学院;
【基金】：教育部长江学者和创新团队发展计划项目(IRT0926) 国家自然科学基金重点项目“我国集团企业跨国治理与评价研究”(批准号71132001)、国家自然科学基金面上项目“董事会断层、非正式层级与决策质量研究”(71572081) 中央高校基本科研业务费专项资金项目“商业银行董事会治理与风险承担研究”(NKZXB1239)等资助
【分类号】：F275

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