问询函对我国化学制药业上市公司公司治理绩效的影响研究  

Research on the Impact of Inquiry Letters on the Corporate Governance Performance of Listed Companies in China’s Chemical Pharmaceutical Industry

作　　者：韩念 

机构地区：[1]贵州大学经济学院,贵州 贵阳

出　　处：《运筹与模糊学》2023年第4期3635-3643,共9页Operations Research and Fuzziology

摘　　要：问询函作为交易所“事后监管”的一种重要形式,越来越受到学者们的重视。作为资本市场的主体,近年来亦是乱象频出,财务造假、暴雷、股权质押风险等乱象屡见不鲜,但许多出现重大问题的上市公司并未被退市。在此背景之下,本文以2018~2022年我国化学制药上市公司的数据为样本,依据我国化学制药上市公司特点构建公司治理绩效的理论分析框架、建立公司治理绩效的综合指标评价体系,研究交易所问询函与上市公司治理绩效间的关系。研究结果表明,交易所问询函对我国化学制药上市公司治理绩效呈现正效应。基于以上结论,提出交易所提高监管问询质量、加强对投资者引导;公司加强内部控制、及时整改相关问题等建议。As an important form of “post supervision” for exchanges, inquiry letters are receiving increasing attention from scholars. As the main body of the capital market, there have been frequent inci-dents of financial fraud, thunderstorms, and equity pledge risks in recent years. However, many listed companies that have encountered significant problems have not been delisted. In this context, this article takes the data of listed chemical pharmaceutical companies in China from 2018 to 2022 as a sample, constructs a theoretical analysis framework for corporate governance performance based on the characteristics of listed chemical pharmaceutical companies in China, establishes a comprehensive indicator evaluation system for corporate governance performance, and studies the relationship between exchange inquiry letters and corporate governance performance of listed companies. The research results indicate that exchange inquiry letters have a positive effect on the governance performance of listed chemical pharmaceutical companies in China. Based on the above conclusions, the following suggestions are proposed: exchanges should enhance the quality of regulatory inquiries and strengthen guidance for investors;companies should strengthen internal controls and promptly rectify relevant issues.

关 键 词：问询函 化学制药上市公司 公司治理绩效 

分 类 号：F83[经济管理—金融学]