摘要
对股权结构、董事会独立性与公司绩效的关系进行了研究,认为董事会独立性与法人股比例正相关,而且非执行董事比例与董事长和总经理的两职状态在体现董事会独立性方面是一致的;董事会独立性与公司绩效的相关关系是有条件的。即股权集中度与非执行董事比例的交叉反应与公司绩效正相关,负债率与非执行董事比例的交叉反应与公司绩效负相关。这从一个方面揭示出在两职状态方面既要考虑到对董事会独立性的影响,同时也要考虑到对企业管理创新能力的影响。
A study is made on the relationship between stock equity,structure, independence of the board of directors and company performance.Main conclusions encompass: The independence of the board of directors and the ratio of legal person shares are directly correlated and non-executive director ratio and the status of two positions, i.e.,chairman of the board of directors and general manager are in conformity when reflecting the independence of the board of directors; the correlation between the independence of the board of directors and company performance is conditional.This means that the cross-reaction of the stock equity concentration degree and the non-executive director ratio are negatively correlated to the company performance. This shows from one aspect that,in the two-position status,it is imperative to consider not only the impact on the independence of the board of directors but also the influence on the innovative ability of enterprise management.
出处
《西安交通大学学报（社会科学版）》
2004年第1期17-24,共8页
Journal of Xi'an Jiaotong University：Social Sciences
关键词
上市公司
股权结构
董事会独立性
公司绩效
企业管理
listed company
stock equity structure
independence of the board of directors
company performance
