公司治理对IT投资回报的影响:基于中国制造业面板数据分析  

Effect of Corporate Governance on Information Technology Investment: Research Based on Panel Data of Chinese Manufacturing Industry

作　　者：胡浩[1] 张建林[1] 

机构地区：[1]浙江大学管理学院,浙江杭州310000

出　　处：《科技管理研究》2014年第10期193-197,共5页Science and Technology Management Research

摘　　要：以2004-2008年信息化500强企业为样本,聚焦中国制造业企业,以公司治理视角研究IT投资与企业绩效的关系。从公司治理的两个构念(董事会独立性,股权结构)出发,分别探究独立董事比例、法人持股比例和国家持股比例对IT投资回报的影响作用。结果发现,独立董事比例和法人持股比例上升能够增加企业IT投资回报,而国家持股比例上升却会抑制IT投资回报。This paper investigates the relationship between IT investment and performance in the view of corporate governance,selecting firms in China Enterprise Informatization 500 from 2004 to 2008 as object,focusing on Chinese manufacturing industry. Starting form two constructs（board independence,ownership structure）in corporate governance,the study explored the effect of the proportion of independent directors,legal person ownership and state ownership on IT investment return. The results show a positive moderating effect of board independence and legal person ownership on IT investment -performance relationship,and a negative moderating effect of state ownership on IT investment - performance relationship.

关 键 词：战略管理 信息化 面板数据 IT 投资 公司治理 董事会独立性 股权结构 

分 类 号：F270.7[经济管理—企业管理] F425[经济管理—国民经济]