独立董事比例、产权性质与长期债务融资契约  

The Ratio of Independent Directors,the Nature of Property Right and Long-term Liability Financing Contract

作　　者：潘克勤[1] 

机构地区：[1]河南财经学院会计学院,河南郑州450002

出　　处：《经济经纬》2010年第1期68-71,共4页Economic Survey

基　　金：教育部2009年度人文社科规划项目(09YJAZH027);河南省软科学基金项目(082400450830)

摘　　要：独立董事比例越高则长期债务融资比重越大,这一现象只在民营上市公司样本中有稳定表现,原因在于独立董事比例越高,监督能力越强,民营公司独立董事承担的监管风险相对更高,监督动力更强。监管当局应该适当提高上市公司独立董事比例,严格独立董事责任机制,以进一步改进独立董事制度效率。The higher the ratio of independent directors, the bigger the proportion of long-term liability financing, which is stably presented in the samples of private listed companies. The main reason is the higher the ratio of independent directors, the stronger the supervision, the higher the risk of supervision taken on by the independent directors of private companies and the stronger the supervising motivity. China Securities Regulatory Commission should properly improve the ratio of independent directors and strengthen the mechanism for the responsibilities of independent directors to improve the efficiency of independent director institution.

关 键 词：独立董事比例 产权性质 长期债务契约 长期债务比重 

分 类 号：F273.4[经济管理—企业管理]