认知偏误及其对董事会治理失效的启示——一个综述  

Cognitive Biases and Their Enlightenment on Board Governance Failure :A Review

作　　者：叶蓓[1] 

机构地区：[1]武汉科技大学文法与经济学院,湖北武汉430081

出　　处：《当代经济管理》2015年第7期20-25,共6页Contemporary Economic Management

基　　金：国家社会科学基金一般项目<后危机时代董事会治理失效研究>(12BGL047);国家留学基金管理委员会基金资助

摘　　要：现代公司董事会是实行表决制度的群体决策机构,其成员个体及群体认知偏误会影响董事会对相关信息的获取、加工、输出与反馈,进而影响董事会决策和治理有效性。文章对当前行为理论关于常见认知偏误,尤其是乐观与过度自信、框定效应与锚定效应、羊群效应以及群体思维的研究成果进行综述,意在为现实世界中董事会治理失效提供新的诠释,为解决董事会治理失效问题提供新的思路。Modern corporate board of directors is an organization of colony decision-making, adopting voting mechanisms. The cognitive biases of its individual members and colony itself may interfere with the gatherlng, processing, output as well as feedback process of relevant information, and hence affect the decision-making and the governance effectiveness of the board. The paper reviewed current behavioral studies on common cognitive biases, such as optimism and overconfidence, framing effect and anchorage, herd behavior and groupthink, aiming at providing new interpretations of board governance failures in the real world and propose new potential solutions.

关 键 词：认知偏误 董事会 治理 行为 

分 类 号：F271.5[经济管理—企业管理]