企业诚信、公司违规与企业绩效

发布时间：2018-01-05 10:23

本文关键词：企业诚信、公司违规与企业绩效　出处：《首都经济贸易大学》2017年硕士论文　论文类型：学位论文

【摘要】：当前,我国上市公司财务舞弊行为屡屡发生,使我国证券市场面临前所未有的诚信危机。一些企业见利忘义、损人利己,突破了应有的义务观和基本的道德底线,不仅严重损害了企业的信誉,还破坏了全社会的信用环境,影响我国经济持续健康发展。目前我国企业失信行为屡屡发生,其主要原因是企业尚未建立和完善相关的信用机制,信用监督机制不健全,失信成本过低。但是,从目前已有的研究来看,很少有学者将企业诚信和公司违规纳入同一体系研究两者对企业绩效的影响,而两者作为不同的研究角度,都会对企业绩效产生重大的影响。本文拟通过探讨企业诚信、公司违规对企业绩效的影响作用,从而倡导企业将诚信经营的理念纳入到公司治理之中。本文以2009-2014年在深圳证券交易所上市的因违规行为被监管机构披露的A股非金融类上市公司作为研究对象,以上市公司违规公告披露后前后两年为窗口期,通过配对模型来研究企业诚信、公司违规对企业绩效的影响。本文通过研究得出以下结论:第一,企业的诚信水平越高,企业的绩效越好,也就是说企业诚信意识的提高与相应举措的实施,能够对公司绩效产生积极影响;第二,在披露之前的年份,对于违规的上市公司来说,违规的上市公司的绩效要显著差于配对样本;第三,不同诚信水平的上市公司,违规对企业绩效的影响具有显著性差异。对于诚信度水平较低的公司,违规会使企业下一年的绩效下降。而诚信水平较高的上市公司,违规对企业绩效几乎无影响。第四,违规的上市公司被监管机构披露之后企业绩效更差。对研究结果进行归纳总结,本文提出以下几点建议:第一、完善证券法律相关制度,提高上市公司的违规成本企业。第二、提高发现违规行为的能力。第三、积极培育以诚信为核心的社会道德规范,将诚信经营的理念融入到公司治理之中。本文可能的创新点在于:(1)研究视角的创新。本文从如何让企业重视信誉,积极践行诚信经营理念,同时加强自身约束减少违法违规行为发生的角度出发,研究企业诚信与公司违规对企业绩效的影响,使企业绩效研究的角度更加完整,更具有现实指导意义。(2)研究方法的创新。本文将企业诚信、公司违规和企业绩效纳入同一研究模型之下,研究他们三个之间的内部联系。
[Abstract]:At present, the financial fraud of Listed Companies in China have occurred, the securities market of our country facing the crisis of faith. Some unscrupulous enterprises hitherto unknown, selfish, broke through the due obligations and the basic concept of moral bottom line, not only seriously damage the reputation of the enterprise, but also destroyed the whole social credit environment, the impact of China's economic health the development of China's enterprises. At present, dishonest behavior occurs repeatedly, the main reason is that enterprises have yet to establish and improve the credit mechanism, credit supervision mechanism is not perfect, the cost low. However, at present study, few scholars have the integrity of the enterprise and companies into two effects on the same system on enterprise performance but, as the two different point of view, will have a significant impact on corporate performance. This article intends to explore the integrity of the enterprise, the company violated the regulations on Corporate Performance The effect, in order to promote business integrity concept into corporate governance. This paper based on the 2009-2014 listed on the Shenzhen stock exchange due to violations by the regulator, the disclosure of A shares of non-financial listed companies as the research object, the public disclosure of listed companies illegal after two years as the window period, through the matching model to study the effect of the integrity of the enterprise, companies on the performance of enterprises. This paper draws the following conclusions: first, the integrity level of the enterprise is higher, the better the performance of enterprises, that is to say the implementation of enterprise credit awareness and the corresponding measures, can have a positive impact on the performance of the company; second, in the year prior to disclosure. For violation of the listed companies, in violation of the performance of listed companies was worse than third, paired samples; different level of integrity of the listed company, violations of the regulations on Corporate Performance The effect has significant difference. For the integrity of the low level of the company, illegal enterprises will next year's performance decline. And a high level of integrity violations of listed companies, enterprise performance has almost no influence. Fourth, violations of the listed company after regulators disclosure of corporate performance worse. The results of the research the summary, this paper proposes the following recommendations: first, improve the relevant legal system of securities, increase the violation cost of listed companies. Second, improve the ability to find violations. Third, actively cultivate honesty as the core of the social morals standard, business integrity will be into the concept of corporate governance. The innovation of this paper is: (1) the innovation of research perspective. This article from how to make enterprises attach importance to credit, actively practice the integrity of business philosophy, and strengthen their own constraints reduce the occurrence of illegal behavior perspective, Integrity and research enterprises impact on corporate performance, make the research in terms of enterprise's performance is more complete, more practical significance. (2) the innovation of research method. In this paper, the integrity of the enterprise, companies and enterprise performance model into the same study, study their internal relations between the three.

【学位授予单位】：首都经济贸易大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.51;F275;F270

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