法治环境、政治关联与违规查处——来自A股市场的经验证据

发布时间：2018-03-22 19:23

本文选题：法治环境　切入点：政治关联　出处：《当代财经》2017年08期 　论文类型：期刊论文

【摘要】：采用部分可观测的Bivariate Probit模型,系统地研究企业所处的法治环境、政治关联类型以及产权性质对其违规行为的影响。实证结果表明:法治环境的改善和企业的政治关联都能降低公司违规的概率,且这一效应主要体现在官员类政治关联中;从企业的产权性质来看,国有企业的官员类政治关联能够降低企业违规被稽查的概率,而法治环境的改善能够降低企业的违规倾向,从而削弱了政治关联的作用效果;对于民营企业,虽然法治环境的改善同样降低了其违规倾向,但政治关联对其违规被稽查的概率没有产生影响。
[Abstract]:Based on the partially observable Bivariate Probit model, the rule of law environment for enterprises is systematically studied. The empirical results show that the improvement of the legal environment and the political association of enterprises can reduce the probability of corporate violations, and this effect is mainly reflected in the political association of officials; According to the nature of the property right of the enterprise, the official political connection of the state-owned enterprise can reduce the probability of the violation being checked, and the improvement of the rule of law environment can reduce the tendency of the enterprise to violate the rule of law, thus weakening the effect of the political association. For private enterprises, although the improvement of the environment of rule of law also reduces their tendency to violate the regulations, the political connection has no effect on the probability of their violations being checked.
【作者单位】：厦门大学管理学院;
【基金】：国家自然科学基金项目“事务所规模与审计质量:团队视角”(71672159) 教育部人文社会科学重点研究基地重大项目“资本结构选择与公司治理机制优化”(1947367)
【分类号】：D0;F832.51

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