我国物流行业上市公司董事会特征与盈余波动性的关系研究  

Research on the Relationship between the Characteristics of Board of Directors and Surplus Volatility of Listed Companies in China's Logistics Industry

作　　者：何红芳 姚芊[1] HE Hongfang;YAO Qian(School of Management,Shanghai University of Engineering Science,Shanghai 201620,China)

机构地区：[1]上海工程技术大学管理学院,上海201620

出　　处：《物流科技》2021年第8期24-27,共4页Logistics Sci-Tech

摘　　要：对于现代治理架构下的企业来说,董事会是最高权力机构,公司的各种投资决策、经营决策都需在董事会裁决后才得以实施,因此,董事会与企业绩效两者间有着密切关系。而盈余波动性,指企业利润状况升降变化规律,它跟企业绩效息息相关。由此可以看出,董事会特征和盈余波动性这两个不同概念,其表象并不存在关联,而其实质却存在着正相关性。文章以我国物流业为研究对象,通过调取2015~2019年的财务数据并对其进行分析后发现,独立董事比例和盈余波动性存在着非常明显的正相关。For enterprises under the modern governance structure,the board of directors is the highest authority.All kinds of investment decisions and business decisions of the company must be implemented by the board of directors.Therefore,there is a close relationship between the board of directors and enterprise performance.The surplus volatility,which is closely related to enterprise performance,refers to the law of the rise and fall of enterprise profit.It can be seen that the two different concepts of board characteristics and earnings volatility are not related in appearance,but are positively related in essence.This paper takes China's logistics industry as the research object,and analyzes the financial data from 2015 to 2019.It is found that there is a very obvious positive correlation between the proportion of independent directors and earnings volatility.

关 键 词：董事会规模 独立董事比例 盈余波动性 

分 类 号：F272[经济管理—企业管理]