摘要
基于企业行为理论,以2008-2012年为基期的中国民营上市公司为样本,实证探讨了经营期望落差、董事会特征以及战略变革之间的关系。研究结果表明：董事会流动率、非执行董事比例削弱了经营期望落差对战略变革程度的正向影响;独立董事比例增强了经营期望落差对战略变革程度的正向影响;董事会持股比例对经营期望落差与战略变革程度的关系则没有统计上的显著影响。
This paper empirically analyzes the relationship among performance-aspiration loss,board characteristics and strategic change by the behavioral theory of the firm,based on the samples of Chinese private listed companies from 2008 to2012. Results show that,board turnover and the proportion of non-executive directors weaken the positive effect of performance-aspiration loss on the degree of strategic change. The proportion of independent directors strengthens the positive effect of performance-aspiration loss on the degree of strategic change. In addition,the proportion of board equity ownership has no significant impact on the relationship between the performance-aspiration loss and the degree of strategic change.
出处
《软科学》
CSSCI
北大核心
2018年第2期76-79,共4页
Soft Science
基金
国家社会科学基金重点项目(15AGL003)
教育部重大攻关项目(15JZD020)
华南理工大学中央高校基本科研业务费项目(2015ZDXMPY02)
关键词
经营期望落差
董事会特征
非执行董事
战略变革
performance-aspiration loss
board characteristics
non-executive
strategic change
