所有制结构异质性、董事会规模和企业绩效波动——以上市制造业企业为例The Heterogeneity of Ownership Structure,Board Size and Enterprise Performance Fluctuation——Taking Listed Manufacturing Companies as an Example
钱士茹;洪波;
摘要(Abstract):
在混合所有制改革的背景下,关注所有制结构异质性为研究企业绩效波动提供了新思路。文章以2004-2015年的中国上市制造业企业为样本,阐述了所有制结构异质性、董事会规模与企业绩效波动三者的关系,实证研究发现,拥有异质的所有制主体的企业绩效波动程度不同;所有制集中度与董事会规模、企业绩效均呈显著正相关性;董事会规模与企业绩效波动呈显著正相关性,且董事会规模在所有制集中度和企业绩效波动之间起到部分中介作用。
关键词(KeyWords): 所有制结构异质性;董事会规模;企业绩效波动;企业治理结构
基金项目(Foundation): 国家社会科学基金项目“国企‘混改’中的职业经理人制度建构机制研究”(16BGL073)
作者(Authors): 钱士茹;洪波;
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