独立董事治理特征与公司绩效

The Characteristic of Independent Trustee and Company Achievements——A Analyze Based on the Data of Shanghai Stock Market

我国上市公司在证监会的强制性要求下建立了独立董事制度,旨在改善公司治理和提高公司绩效。然而,在中国特殊背景下,新建立的独立董事制度是否对公司治理和公司绩效有影响,什么样的独立董事治理机制最有利于改善公司治理和提高公司绩效成为关注的焦点。本文使用分配数列对195家样本公司独立董事特征与公司绩效的关系进行分析,验证了独立董事与公司绩效的关联方式。并以此为基础设计回归模型建立独立董事特征与公司绩效的多元回归关系。这些分析为优化和设置公司治理机制、提高公司绩效和创造新财富提供了借鉴。

In our country, the companies have established the independent trustee system under the compulso- ry request by china securities regulatory commission. The purpose was for improving the company govern and enhancing the company achievements. However, under special background of China, whether the independent trustee system new established can enhancing the company achievements and what type of independent trustee system can most advantageous to the improvement company govern. It becomes a focal point be attention. This article uses the distribution series carries on the analysis the relations between independent trustee characteristic with the company achievements base the data of 195 samples companies, and confirmed the independent trustee and the company achievements connection way. And take this as foundation design return model establishment independent trustee characteristic and company achievements many Yuan returns relations. This analysis governs the mechanism for the optimization and the establishment company, enhances the company achievements and creates the new wealth to provide the model.