政治关联、管理层权力与预算松弛

发布时间：2018-03-28 02:26

本文选题：政治关联　切入点：管理层权力　出处：《浙江财经大学》2017年硕士论文

【摘要】：自西方企业开展预算工作开展预算管理活动至今,已经有百余年的历史。二十世纪上半期,美国预算与会计法案的颁布,是预算控制思想发展的一个重要里程碑。我国运用全面预算管理起步较晚,但自上世纪90年代起,我国实施全面预算管理制度的企业数量持续增长;2002年2月,财政部颁发了《关于企业实行预算管理的指导意见》,对国有中央企业实施全面预算管理提出明确要求;2010年,财政部会同证监会、审计署、银监会、保监会制定了18项目内部控制指引,全面预算作为第15号指引被纳入其中。尽管预算工具能够帮助企业实现发展,但是困扰预算工具正常运用的“障碍”并未得到解决,预算松弛问题便是其中之一。尤其到了二十一世纪,预算管理在新的经济社会环境中面临着严峻挑战,而预算松弛的驱动因素也有了新的变化。本文在肯定“预算有用观”的前提下,基于前人的研究成果,采用实证和规范研究相结合的方式,从政治关联、管理层权力与权力距离等几个较为特殊的角度来探究预算松弛的部分动因,并进一步研究管理层权力在政治关联企业中的调节作用及可能存在的中介效应,以期为我国上市公司预算松弛的治理提供新的思路。为了检验政治关联、管理层权力、权力距离与预算松弛的关系以及管理层权力的调节效应并进行进一步研究,本文以2010年——2102年上证A股上市公司的预算数据为研究样本,在收集必要数据的基础上,通过建立相关模型检验了前因变量与预算松弛之间的关系,并在此基础上验证了管理层权力的调节效应及政府可能存在的中介效应。研究发现,第一,政治关联的民营企业与预算松弛负相关,而在国有企业中政治关联与预算松弛间并无显著的联系;第二,权力距离与预算松弛正相关;第三,管理层权力在不同产权性质的企业中会产生不同作用,且对于管理层权力不同维度的选择也会对预算松弛产生不同影响;第四,管理层权力存在调节效应,但企业产权性质不同,管理层权力维度的选择不同,则会产生不同效果;第五,预算松弛与企业业绩正相关,即预算松弛能够促进企业发展;第六,确实存在这样一种可能性,即政府可能通过预算指标“操纵”国有企业绩效。本文拓宽了国内外学者对于预算松弛问题的理论研究,得出的结论可能为预算松弛的治理提供了一种新的思路,并为预算松弛与企业绩效之间的关系争论提供了实证依据及参考。总体上来说,本文的研究对于在新环境下认识政治关联、权力距离、管理层权力等新的权变因素对预算松弛的影响、管理层权力的调节作用及预算松弛的后果有着重要的理论意义与实践意义。本文的结论不仅支持了当前国有企业改革的正确性,也为预算松弛在不同阶段的治理提供了新的思路。本文的启示在于:首先,应当正确认识预算松弛,这是处理预算松弛问题的关键;其次,正确认识政治关联的作用,这能够帮助企业更有效地配置资源,发挥自身优势;再次,正确认识管理层权力对预算松弛的影响,从一定程度上优化公司治理结构与治理机制;最后,正确定位政府在发展中扮演的角色,从而实现整个产业整体意义上的发展。
[Abstract]:Since the western enterprises to carry out budget to carry out the work of budget management activities so far, there have been more than 100 years of history. During the first half of twentieth Century, the budget and accounting act is an important milepost of budget control thought development. By using the comprehensive budget management started late in China, but since the last century since 90s, the number of the implementation of comprehensive budget management our system of enterprise sustainable growth; in February 2002, the Ministry of Finance issued the "guidance on the enterprises" budget management, the implementation of a comprehensive budget management put forward clear requirements for the state-owned central enterprises; in 2010, the Ministry of Finance in conjunction with the Commission, the Audit Commission, China Banking Regulatory Commission, China Insurance Regulatory Commission formulated the guidelines for the internal control of the 18 projects, the overall budget is included as the No. fifteenth guidelines. Although the budget tools can help companies achieve development, but plagued by budget tool normal use of "disorder" has not been resolved, pre A relaxation problem is one of them. Especially in twenty-first Century, the budget management is facing severe challenges in the new economic and social environment, and budgetary slack driving factors also have a new change. Based on the "budget usefulness", based on the previous research results, using empirical research and normative the way from the political Association, management power and power distance and other relatively special perspective to explore some causes of budgetary slack, the mediating effect of regulation and further research on management authority in political connection in the enterprise and may exist, in order to provide new ideas for China's listed companies of budgetary slack governance in order to test the political connection, management power, further study on the relationship between power distance and budgetary slack and the moderating effect of managerial power and, based on the 2010 - 2102 The budget data of Shanghai A shares of listed companies as the research sample, based on the collection of necessary data, to examine the relationship between antecedents and budgetary slack by establishing related models, and on this basis, verified the mediating effect and moderating effect of government management of power may exist. The study found that the first, political association private enterprises and budgetary slack negatively related in the state-owned enterprises have no political connections and budget relaxation between the significant correlation; second, power distance and budget slack is positively related; third, the management of power will produce different effects in the different nature of property rights in the enterprise, and the management power of different dimensions will have different choices effect on budget slack; fourth, the management of power regulation effect, but the enterprise property rights, management authority dimension of choice, will produce different effect; fifth, Budget slack and corporate performance is positively related to the budget slack can promote the development of the enterprise; sixth, the existence of such a possibility that the government may through the budget index "manipulating" the performance of state-owned enterprises. This paper broadens the domestic and foreign scholars on the theory of budget slack problem, the conclusion may provide a new idea for management of budgetary slack, and provide empirical evidence and reference for the debate the relationship between budgetary slack and corporate performance. On the whole, this study for the understanding of political connections in the new environment, power distance, power management and other new contingency factors on the impact of budgetary slack, has theoretical significance and practical significance the management of power regulation and budget slack consequences. The conclusion of this paper not only support the validity of the current reform of state-owned enterprises, but also for the budget slack in different order Provides a new way to segment governance. This message is: first, we should have a correct understanding of budgetary slack, this is the key to handling the problem of budget slack; secondly, the correct understanding of the role of political association, which can help enterprises more efficient allocation of resources, to play their own advantages; thirdly, the correct understanding of the management of power of budget the relaxation, the optimization of corporate governance structure and governance mechanism in a certain degree; finally, the correct positioning of government role in the development, in order to achieve the overall sense of the development of the whole industry.

【学位授予单位】：浙江财经大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：D0;F275;F832.51

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