摘要
对董事会非正式层级对企业风险承担的影响进行实证分析。结果显示,董事会非正式层级清晰度与企业风险承担显著正相关。随着业绩压力的增大,董事会非正式层级清晰度与企业风险承担的正向关系会增强,而独立董事拥有最高非正式层级时,董事会非正式层级清晰度对企业风险承担的正向影响则会弱化。
This paper empirically analyzes the impact of the informal hierarchy of the board of directors on corporate risk-taking.The results show that there is a significant positive correlation between informal hierarchical clarity of the board of directors and corporate risk taking.With the increase of performance pressure,the positive relationship between informal hierarchical clarity of the board of directors and corporate risk taking will be strengthened,while the positive influence of informal hierarchical clarity of the board of directors on corporate risk taking will be weakened when independent directors have the highest informal level.
作者
吴颍宣
WU Ying-xuan(School of Business,Nanjing University of Information Science&Technology,Nanjing 210044,Jiangsu,China;Development Institute of Jiangbei New Area,Nanjing University of Information Science&Technology,Nanjing 210044,Jiangsu,China)
出处
《江苏经贸职业技术学院学报》
2023年第1期15-19,共5页
Journal of Jiangsu Institute of Commerce
基金
江苏高校哲学社会科学研究一般项目“董事会非正式层级对企业风险承担的影响机制研究”(2019SJA0163)
南京信息工程大学人才启动经费资助项目(2019r053)。
关键词
非正式层级
业绩压力
董事会治理
风险承担
informal hierarchy
performance pressure
board governance
risk-taking
