独立董事制度与我国上市公司业绩的相关性研究

The Research on Relativity between the Independent Director System and the Listed Company's Performance in China

本文大容量（以1998～2003年期间深沪证券交易所全部A股上市公司（1277家，含部分中途退市公司为基础样本），以该期间深沪证券交易所实施过独立董事制度的全部A股上市公司（1264家）为有效样本。）、长周期（1998～2003年间．截至2003年12月31日止）研究了独立董事制度与我国上市公司业绩关联性问题，得出了我国独立董事制度与上市公司业绩存在较弱的关联性，独立董事制度的确对上市公司业绩产生了一定影响的结论。文章最后，分析了独立董事制度的某些不足并提出了某些对策和建议。

This article succeeded in researching with big volume （the samples are 1277 companies appearing in Shenzhen and Shanghai stock markets with the independent director system during the period from 1998 to 2003） and long period （from 1998 to 2003） methods. And drew out the conclusion that independent ,director system had a certain weak influence to the listed company＇s performance. Finally, this article analyzes independent director systems＇ weakness and puts forward the countermeasures and suggestions to improve it.