公司治理、政治关联与环境绩效  

Corporate Governance, Political Connection and Environmental Performance

作　　者：叶陈刚[1] 王孜[1] 武剑锋[2] 

机构地区：[1]对外经济贸易大学国际商学院,北京100029 [2]北京第二外国语学院国际商学院,北京100024

出　　处：《当代经济管理》2016年第2期19-25,共7页Contemporary Economic Management

基　　金：国家社会科学基金重点项目(13AZD002);国家留学基金建设高水平大学公派研究生项目(201406640032);大信审计教育研究基金的阶段性研究成果。

摘　　要：以沪市A股重污染行业上市公司为研究对象,运用J-F系数法从环保目标、法规和惩处构建环境绩效,考察了公司治理和政治关联对环境绩效的影响,探讨了政治关联在公司治理和环境绩效关系中的作用。研究结果表明,股权性质、董事会规模和两权分离促进了环境绩效,政治关联与环境绩效呈负相关关系,政治关联会抑制公司治理对环境绩效的正向提升作用,拓展了环境绩效的研究视角,为提升公司治理和环境绩效水平提供了经验证据。Using listed companies in heavy polluting industry as the research object from 2009 to 2014. We calculate environmental performance from environmental objectives, rules and punishment. The paper investigates relationship between corporate governance, political connection and environmental performance, and explores the role of political connection in environmental performance and corporate governance. The study finds that the state, board size and separation of ownership improve environmental performance, the political connection and environmental performance has a significant negative relationship, the enhancing the level of political connection weaken the positive impact of corporate governance to increase the environmental performance, we provide empirical evidence for corporate governance, political connection and environmental performance.

关 键 词：公司治理 政治关联 环境绩效 环境溢价 社会责任 

分 类 号：F276[经济管理—企业管理]