董监高履职风险缓释与企业“专精特新”转型——基于董监高责任险的经验证据  

The Relief of Executive Professional Risk and the Transformation of"Specialized,Refined,Characteristic and Innovative"Enterprises——Based on the Evidence of D&O Insurance

作　　者：黄鸿燕[1,2,3] 麻晓艳 王力 Huang Hongyan;Ma Xiaoyan;Wang Li(School of Accounting,Zhongnan University of Economics and Law,Wuhan 430073,China;School of Accounting,Fujian Jiangxia University,Fuzhou 350108,China;Finance and Accounting Research Center,Fujian Social Science Research Base,Fuzhou 350108,China)

机构地区：[1]中南财经政法大学会计学院,武汉430073 [2]福建江夏学院会计学院,福州350108 [3]福建省社会科学研究基地财务与会计研究中心,福州350108

出　　处：《工业技术经济》2024年第9期99-109,共11页Journal of Industrial Technological Economics

基　　金：福建省中青年教师教育科研一般项目“独立董事责任险、履职绩效与企业创新”(项目编号:JAS21169);中央高校基本科研业务费(研究生科研创新平台)“关联交易视角下董监高责任险的治理效应研究”(项目编号:202411101);福建省社会科学基金青年项目“数字经济背景下信息安全治理对福建省企业创新效率的影响研究”(项目编号:FJ2024C080);福建江夏学院校级科研项目“数字经济背景下福建省上市公司信息安全风险披露行为研究”(项目编号:JXS2022011)。

摘　　要：党的二十大明确将培育“专精特新”企业作为建设现代化产业体系的重要内容。然而,企业“专精特新”转型存在极大的不确定性,如何增加激励驱动转型成为培育“专精特新”企业的重要考量。本文从董监高履职风险缓释的视角探究了董监高责任险对企业“专精特新”转型的影响。研究发现,企业购买董监高责任险后的风险缓释能够促进企业“专精特新”转型。异质性分析表明,这一效应在小规模企业和高竞争性行业中更显著。本文有助于加深对我国董监高责任险制度运行成效的认识,并可从企业内部治理的角度为培育“专精特新”企业提供相关建议。The 20th National Congress of the Communist Party of China clearly regards the cultivation of"specialized,refined,characteristic and innovative"enterprises as an important element in the construction of a modernized industrial system.However,there is great uncertainty in the transformation of"specialized,refined,characteristic and innovative"enterprises.How to increase the incentive to drive the transformation has become an important consideration in cultivating"specialized,refined,characteristic and innovative"enterprises.From the perspective of risk mitigation,this paper explores the impact of directors and officers'liability insurance on the transformation of"specialized,refined,characteristic and innovative"enterprises.It is found that the risk mitigation after the purchase of directors and officers'liability insurance can promote the transformation of"specialized,refined,characteristic and innovative"enterprises.This effect is more pronounced in small enterprises and highly competitive industries.This paper deepens the operation effect of the directors and supervisors'liability insurance system in China,and provides relevant suggestions for cultivating"specialized,refined,characteristic and innovative"enterprises.

关 键 词：“专精特新”企业 董监高责任险 履职风险缓释 分散风险 战略转型 长期价值 机会主义 创新 

分 类 号：F272.91[经济管理—企业管理] F273.1[经济管理—国民经济]