兼职独立董事对上市公司一视同仁吗?

• 作 者: 谢雅璐
• 机 构: 闽南师范大学商学院,美国肯塔基大学会计系,
• 出 处: 现代财经(天津财经大学学报)
• 发表日期: 2016年06期
• 关键词: 独立董事 时间和精力分配 影响机制

本文以2009—2014年上市公司兼职独立董事的面板数据为样本,实证检验了兼职独立董事时间和精力分配问题,及其背后的影响机制。结果表明兼职独立董事存在区别对待上市公司的现象,并主要受公司声誉水平的影响,薪酬水平则影响不明显。对于声誉水平较低的公司,兼职独立董事投入的时间和精力较少,并且在女性、年轻和低学历的独立董事中表现得更为明显,但随着公司信息不透明度的提高,独立董事的懒惰行为会得到抑制。

Based on the panel data of part-time independent directors of listed companies from 2009 to 2014, this paper empirically tests the issue of time and energy distribution of part-time independent directors and the mechanism behind the impact. The result shows that part-time independent directors have different treatment of the listed companies, which is mainly affected by the reputation level of the company, but the pay level has no obvious influence. For less-reputable companies, part-time independent directors invest less time and effort and are more visible in female, younger and less-educated independent directors, but as the transparency of the company’s information increases, the number of independent directors Lazy behavior will be suppressed.