兼职独立董事对上市公司一视同仁吗?  

Do Part-Time Independent Directors Treat Companies Equally?

作　　者：谢雅璐[1,2] 

机构地区：[1]闽南师范大学商学院,福建漳州363000 [2]美国肯塔基大学会计系,肯塔基列克星顿40506

出　　处：《现代财经（天津财经大学学报）》2016年第6期30-47,共18页Modern Finance and Economics：Journal of Tianjin University of Finance and Economics

基　　金：国家自然科学基金青年项目(71402155);福建省教育厅社会科学研究项目(JAS14200)

摘　　要：本文以2009—2014年上市公司兼职独立董事的面板数据为样本,实证检验了兼职独立董事时间和精力分配问题,及其背后的影响机制。结果表明兼职独立董事存在区别对待上市公司的现象,并主要受公司声誉水平的影响,薪酬水平则影响不明显。对于声誉水平较低的公司,兼职独立董事投入的时间和精力较少,并且在女性、年轻和低学历的独立董事中表现得更为明显,但随着公司信息不透明度的提高,独立董事的懒惰行为会得到抑制。Based on a panel data of 2009--2014 of part-time independent directors, this papertested how independent directors allocate their time and energy, and the influencing mechanism ofdirectors behavior. Our results show that independent directors treat companies unequally, whichis influenced primarily by reputation not compensation. That is, independent directors spend lesstime and energy for companies with low-level reputation, which is serious when the directors are fe-male, younger and have lower-education background. Furthermore, independent directors lazinesswill be mitigated when there is a higher information opacity in low-reputation companies.

关 键 词：独立董事 时间和精力分配 影响机制 

分 类 号：F272.1[经济管理—企业管理]