所有权结构对组织冗余与企业绩效的影响研究——基于委托人-委托人冲突视角  

A Study on the Impact of Ownership Structure on Organizational Slack——from a perspective of the principal-principal conflict

作　　者：赵洁[1,2] 

机构地区：[1]西安交通大学管理学院,陕西西安710049 [2]西安交通大学过程控制与效率工程教育部重点实验室,陕西西安710049

出　　处：《西安交通大学学报（社会科学版）》2013年第3期46-51,共6页Journal of Xi'an Jiaotong University：Social Sciences

基　　金：国家自然科学基金重点项目(71132006);国家自然科学基金青年项目(71102096);教育部哲学社会科学研究重大课题攻关项目(09JZD0030)

摘　　要：基于委托人-委托人冲突视角,研究了中国企业所有权结构对未吸收冗余与绩效关系的影响。以中国2009-2010年沪、深两市A股制造业上市公司为样本的实证分析结果表明:未吸收冗余与企业绩效呈倒U型关系,境内机构所有权和境外所有权对未吸收冗余与企业绩效关系的正向调节作用强于国有所有权,而个人所有权对未吸收冗余与企业绩效的关系没有显著的调节作用。From the perspective of principal -principal conflict, we examine the influence of the ownership structure on the relationship between unabsorbed slack and firm performance. The empirical analysis was made with A - stock manufac- turing companies listed in the Shanghai and Shenzhen stock exchanges in China from 2009 to 2010 as an example. The re- sults suggest that there is an inverted U - shaped relationship between unabsorbed slack and finn performance and the posi- tive moderating effect of the domestic institutional ownership and foreign ownership on the relation between unabsorbed slack and firm performance is stronger than state ownership, while private ownership has no significant moderating effect.

关 键 词：所有权结构 代理理论 组织冗余 企业绩效 

分 类 号：F271[经济管理—企业管理]