民营企业董事长的党员身份与公司财务违规  

Chairman's Communist Party Member Status and Financial Violations of Private Enterprises

作　　者：戴亦一[1,2] 余威[1,2] 宁博[1,2] 潘越[1,2] 

机构地区：[1]厦门大学管理学院,361005 [2]厦门大学经济学院,361005

出　　处：《会计研究》2017年第6期75-81,共7页Accounting Research

基　　金：国家自然科学基金面上项目(71572158;71372071);中组部国家青年拔尖人才计划;中央高校基本科研业务费专项基金(20720171002)资助

摘　　要：高管的文化背景是公司财务行为研究的新热点。本文以2004-2014年民营上市公司为样本,从共产主义文化视角,考察董事长的党员身份对公司财务违规行为的影响。结果发现,董事长是党员的民营企业更不可能出现报表造假等财务违规行为。进一步研究显示,缺少政治关联或业绩压力的党员董事长更少做出违规财务决策;而在法制环境和政治环境更好的市场中,党员身份抑制财务违规的作用被削弱,表明党员身份是正式制度的一种替代机制。最后,研究发现来自老区、有商业身份及行业领导企业的党员董事长更少开展财务违规活动,表明理念认同和声誉约束是党员身份影响董事长决策的可能机制;并且,本文证实设立党组织是共产主义文化影响民营企业财务违规的一条治理渠道。Studies on the cultural background of executives is a hot issue in corporate finance recently.Choosing the Chinese listed private companies during2004 and 2014 as a sample,we select communist culture as the new angle of view and empirically study the impact of the chairman’s communist party membership on corporate financial frauds.The results show that CEO being the party member can significantly decrease the likelihood of firm committing financial frauds.We also find that CEOs,who being lack of political connection or under performance pressure,and whose company is located in higher-law-enforcement area or‘Anti-corruption Campaign’area,will have less fraud motivation.Finally,we prove that cultural identity and reputation constraint are mechanisms to explain our major findings,and CEO’s party membership affects corporate financial frauds by setting up party organization.

关 键 词：民营企业 董事长 共产党员身份 公司财务违规 

分 类 号：F271[经济管理—企业管理] F275[经济管理—国民经济]