董事资本与公司信息披露质量  

Director Capital and Corporate Information Disclosure

作　　者：钟昀珈[1] 

机构地区：[1]对外经济贸易大学国际财务与会计研究中心

出　　处：《南方经济》2012年第7期57-68,共12页South China Journal of Economics

基　　金：国家社科重大招标项目(10ZD&035);国家社科基金青年项目(11CGL045);国家自然科学基金青年项目(71102076);教育部人文社会科学研究青年基金项目(10YJC630019;10YJC630070)的资助

摘　　要：董事会有效性提高的关键是董事履行其监督和建议职能的能力和效果,而这又依赖于董事能力的高度。本文基于董事能力视角,从董事履行监督和建议职能过程中的个人特征出发,构建董事资本指数,考察其与公司信息披露质量之间的关系。研究发现,董事资本与公司信息披露显著正相关,但在董事资本的不同类型中,董事社会资本与公司的信息披露质量显著正相关,董事人力资本作用不显著;进一步发现,股东对内部董事和外部董事能力可能存在着不同的需求,对内部董事,股东更需要他们的专业技能;对外部董事,股东更需要他们的社会资本。Board effectiveness is the key to improve the function of monitoring and recommendations, which in turn depends on the ability of the high degree of Directors. Based on the ability to view the directors, and we build director capital index and investigate the relationship with quality of information disclosure. We find that director capital is significant positively with corporate disclosure quality, We further find that there is a significant positive relationship between the director of social capital and the information disclosure quality, director of human capital had no significant effect; further find that the shareholders of the inside directors and ability of outside directors may have different needs, for internal directors, shareholders need their professional skills; for outside directors, shareholders need their social capital.

关 键 词：董事资本 董事会效率 信息披露 

分 类 号：F270[经济管理—企业管理]