董事会战略委员会与企业绩效的相关性研究  

Study on the Relationship between Strategic Committee of the Board and Firm Performance

作　　者：周建[1] 刘小元[1] 覃彦玲[2] 崔胜朝[1] 

机构地区：[1]南开大学商学院,天津300071 [2]西南科技大学经济管理学院,四川绵阳621010

出　　处：《山西财经大学学报》2008年第8期62-69,共8页Journal of Shanxi University of Finance and Economics

基　　金：国家自然科学基金重点项目(70532001);国家自然科学基金项目(70372025);教育部人文社科重点研究基地重大项目(04JJD630004);2007年度天津哲学社会科学规划项目重点课题(TJGL07-83);教育部“振兴行动计划”985工程南开大学哲学社会科学创新研究基地项目(950A94505-B08)

摘　　要：以中国上市公司为样本,实证检验了战略委员会与企业绩效的关系。实证结果显示,战略委员会的设立对企业绩效没有直接的正向影响,上市公司同时设立战略委员会与审计委员会并不能促进企业绩效的改善,设立战略委员会的上市公司的非独立董事比例对企业绩效没有显著的正向影响。这表明,目前中国上市公司战略委员会仅仅处于"消极合规"阶段,并没有在企业战略决策制定和重大投资决策中发挥重要作用。This study empirically examines the relationship between strategic committee and firm performance by taking China＇s listed companies as the sample. The empirical results show that the establishment of strategic committee has no positive effect on firm performance. The interaction between strategic committee and audit committee can not improve firm performance. In addition, the ratio of non- independent directors in the company that has established strategic committee has no significantly positive influence on finn performance. These results indicate that strategic committees in China＇ s listed companies only operate negatively to satisfy regulations, which do not play the important role on finn strategy formulation and significant investment decisions.

关 键 词：战略委员会 企业绩效 相关性 战略治理 

分 类 号：F279.2[经济管理—企业管理]