独立董事本地任职对上市公司违规行为之影响研究——基于政治关联与产权性质视角的经验证据

发布时间：2018-02-25 03:05

  本文关键词： 独立董事 本地任职 违规行为 政治关联 产权性质　出处：《中国软科学》2017年07期 　论文类型：期刊论文

【摘要】：本文以本地任职为切入点,使用2007-2013年中国资本市场A股上市公司作为分析样本,考察独立董事本地任职对违规行为的影响及政治关联和产权性质在其中所发挥的作用。研究发现,独立董事本地任职降低了上市公司进行违规的倾向和严重程度。政治关联削弱了独立董事本地任职对违规行为的抑制功能,且上述调节作用在国有企业中显著下降。这表明本地任职提升了独立董事的监督效率,但这一作用发挥会受限于独立董事的政府背景和企业产权性质。由此提出在独立董事选聘过程中应充分重视本地任职所带来的积极作用,限制政治关联对独立董事职能履行的可能负面影响,并着重关注非国有企业的政治关联效应。
[Abstract]:This paper takes local employment as a starting point and uses A share listed companies in China's capital market from 2007 to 2013 as an analysis sample. This paper examines the influence of independent directors' local tenure on irregularities and the role played by political connections and property rights. The local service of independent director reduces the tendency and severity of the listed company to violate the rules. The political connection weakens the function of the independent director's local service to restrain the violation. And the regulatory role is significantly reduced in state-owned enterprises. This shows that local service has improved the efficiency of independent directors' supervision. However, this role will be limited by the government background of independent directors and the nature of enterprise property rights. Therefore, it is suggested that due attention should be paid to the positive role brought by local positions in the process of selecting and appointing independent directors. Limiting the possible negative impact of political association on the performance of independent directors' functions, and focusing on the political association effect of non-state-owned enterprises.
【作者单位】： 安徽大学商学院;安徽大学经济学院;
【基金】：国家自然科学基金青年项目“女性高管、会计行为与投资决策“(71302113) 安徽省高校优秀青年人才基金重点项目“中国情境下女性董事对公司财务行为及绩效的影响研究”(2013SQRW005ZD)
【分类号】：D0;F271;F832.51
，

本文编号：1532750