期刊文献+

我国民营上市公司董事会规模与绩效的实证研究 被引量:12

An Empirical Study on Relationship Between Corporate Board Size and Performance of Private Listed Companies
下载PDF
导出
摘要 随着民营上市公司数量的逐年增多,其治理结构问题越来越受到学术界的关注。而董事会作为代表公司行使其法人财产权的必要会议机构,处于公司内部治理结构的核心位置。本文通过理论研究和实证分析,探讨了我国民营上市公司董事会规模对绩效的影响,试图为民营企业内部治理提供相应的理论依据。 With increasingly emerging of China's private listed companies, the academic world concern more about its corporate governance. The board of directors, as the indispensable part that represents the company to exercise the property rights, is the core of internal corporate governance. The existing domestic literatures focus on the board size of China's state-own companies or the comprehensive evaluation of board of directors of private companies, and ignore the special study on board size of China's private companies. Although foreign literatures pay attention to the board size of family enterprises, they are not suitable to the national conditions of China, for they're based on the developed market economy. Therefore, this thesis specializes in exploring the relationship of board size and corporate performance, attempting to provide some theoretical support of the research of internal governance of China's private companies.
作者 张纯 段逆
机构地区 上海财经大学
出处 《审计研究》 CSSCI 北大核心 2008年第6期71-78,共8页 Auditing Research
基金 上海财经大学"十一五""211工程"(211三期)建设资助项目
关键词 民营上市公司 董事会规模 稳定性 绩效 private listed company, board size, stability, corporate performance
  • 相关文献

参考文献15

  • 1刘军霞 王立彦.“A-H股公司财务信息差异与治理特征”[J].中国证券业研究,2003,1.
  • 2孙永祥,章融.董事会规模、公司治理与绩效[J].企业经济,2000,19(10):13-15. 被引量:146
  • 3于东智.董事会、公司治理与绩效——对中国上市公司的经验分析[J].中国社会科学,2003(3):29-41. 被引量:344
  • 4周德友.我国民营上市公司董事会特征与绩效关系的实证研究[J].华东经济管理,2006,20(10):109-113. 被引量:6
  • 5Ang J, Cole R, and Lin. ,1999, " Agency cost and ownership structure", Journal of Finance, Vol.55.
  • 6Bacon, J. 1973, “Corporate directorship practices: membership and committees of the board”. New York: The Conference Board and American Society of Corporate Secretaries.
  • 7Carline, N.F., S.C. Lima, and P.K. Yadav.2002, “The Influence of Managerial Ownership on the Real Gains in Corporate Mergers and Market Revaluation of Merger Partners: Empirical Evidence,” Working Paper.
  • 8Changanti, R.S., V. Mahajan and S. Sharma, 1985, "Corporate Board Size, Composition, and Corporate Failures in the Retailing Industry", Journal of Management Studies, 22.
  • 9Garner J.L and J.R.Kale. 2001, "An Empirical Analysis of the Changes in the Composition of IPO Syndicates", Georgia state University Working Paper.
  • 10Hermalin, B. E. and M. S. Weisbach ,1988, "The Determinants of Board Composition", The Rand Journal of Economic, 19 (4).

二级参考文献19

  • 1Borokhovich, Panino and Trapani, Outside Directors and CEO Selection.Journal of Financial and Quantitative Analysis, 31 (1996), pp. 337--355.
  • 2Hermalin, Weisbach, The Determinants of Board Composition. Rand Journal of Economics 19 (1988), pp. 589-606.
  • 3Hermalin, Weisbach, The Effects of Board Composition and Directors Incentives on Firm Performance. Financial Management, 20 (1992), pp. 101--112.
  • 4Jensen and Murphy, Performance Pay and Top-Management Incentive. Journad of Politicial Economy, 3 (1990), pp. 225--264.
  • 5Lipton, Lorsch, A Modest Proposal for Improved Corporate Governance. Business Lawyer, 48. no. 1, 1992, pp. 59--77.
  • 6Wu, Yili, Honey, I Shrunk the Board, Working Paper, 2000, University of Chicago.
  • 7Yermack, Higher Market Valuation of Companies with a Small Board of Directors. Jounud of Financial Economis, 40(1996), pp. 185--211.
  • 8Bhagat and Black.Board independent andLong-term Firm Performance[M].University of Colorado working Paper,2000:15-30.
  • 9David Yermack.Higher market valuation of companies with a small board of directors[J].Journal of Financial Economics,1996,(40):185-211.
  • 10Harley E.Ryan Jr.,Roy A..Wiggins Ill Who is Whose Pocket? Director Compensation,Board Independence,and Barriers to Effective Monitoring[J].Journal of Financial Economics,2004,(73):497-524.

共引文献444

同被引文献126

引证文献12

二级引证文献41

相关作者

内容加载中请稍等...

相关机构

内容加载中请稍等...

相关主题

内容加载中请稍等...

浏览历史

内容加载中请稍等...
;
使用帮助 返回顶部