股权结构、董事会特征与业绩研究——中国保险公司的治理结构分析  

Ownership structure,board characteristics and insurers'performance——A study on the corporate governance of Chinese insurers

作　　者：谢晓霞[1] 李进[1] 

机构地区：[1]北京航空航天大学经济管理学院,北京100083

出　　处：《保险研究》2009年第8期90-95,共6页Insurance Studies

摘　　要：本文选取中国上市保险公司2007年和2008年的年报数据和中期报表数据,依据本文建立的股权结构、董事会特征与业绩模型对样本数据进行多元回归分析,得出如下结论:政府持股比例和高管持股比例与保险公司业绩呈正向关系,即政府持股比例增加和高管持股将有利于保险公司业绩的提高;境外战略投资者持股不利于保险公司业绩的提高;董事会规模与保险公司业绩呈负向关系,即董事会规模越大越不利于保险公司业绩的提高;独立董事以及具有金融从业经验的独立董事与保险业绩无关。This paper used the 2007 and 2008 annual reports and interim reports listed insurers, and conducted a multiple regression analysis on sample statistics data released by China＇s publicly regardin g ownership structure, board characteristics and insurer＇s performance. It came to the conclusion that ： （ 1 ） The relationship between state ownership and insurers＇ performance is positive and senior management＇s holding more stocks will errhance performance; （2） Foreign strategic investors holding insurer＇s stocks is detrimental to insurers＇ performance;（3 ） The relationship between the board size and the insurers＇ performance is negative; （4） Independent directors or independent directors with financial experiences have nothing to do with the insurers＇ performance.

关 键 词：保险公司 股权结构 董事会特征 业绩 

分 类 号：F840.32[经济管理—保险]