股权性质、内部控制与在职消费的相关关系研究

发布时间：2018-01-01 20:14

本文关键词：股权性质、内部控制与在职消费的相关关系研究　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】：在2012年末,中央出台了“八项规定、六项禁令”,对党政领导进行廉政教育,并同时开展“打虎拍蝇”行动,这一系列举动大快人心,人民群众不禁拍手称赞。随着一些官员的贪污受贿案件的审查,很多企业的高管人员也被牵涉其中,而且很多企业的高管不断出入高级场所,享受高档消费品的事件的不断爆出,引发了很多人对企业高管的职务消费的新思考。党政领导有中央进行查办,那企业的高管的职务消费该怎么抑制呢?基于这样的背景,本文选取了2010-2014年沪深两市主板A股非金融类上市公司为研究样本,研究了内部控制对在职消费的抑制效果,并引入了股权性质。首先通过相关的研究综述确定自己的研究视角,并对委托——代理理论、管理层权力理论进行阐述,然后在界定相关概念的基础上运用相关研究和理论,理清股权制度、内部控制和在职消费的影响机理。此外,在明确影响机理的基础上,提出研究假设。最后通过研究设计,确定研究变量,进行实证研究和分析。研究结果表明:我国国有企业的内部控制质量要明显比非国有企业要好,非国有企业的在职消费水平要高于国有企业。国有企业和非国有企业因股权性质的差别,内部控制对在职消费的抑制效果也不相同,非国有企业的内部控制对在职消费的抑制效果更好。同时,很多对在职消费的影响因素的回归结果也存在不一致的现象。例如对国有企业来说,对高管进行薪酬激励是个不错的选择;而对非国有企业来说,股权激励的效果更为明显。同样,监事会的规模和持股对非国有企业来说更有效,而对国有企业来说并不适用。此外,股权集中度在对内部控制和在职消费的影响中,两类公司的结果则有一致的表现,都表现为股权集中度与在职消费负相关等等。最后,根据研究结果从在职消费信息披露、在职消费规范、薪酬和激励制度设计等方面提出了政策建议。
[Abstract]:At the end of 2012, the central government introduced the eight provisions, six ban, for anti-corruption education of Party leadership, and carry out the tiger shoot fly action, this series of actions of the people can not help but cheerful, applaud. With some officials of corruption and bribery cases review, many business executives are involved, and many business executives continue to enjoy access to high places, high-end consumer goods events continue to burst, causing a lot of people on the new thinking of executives post consumption. Leaders of central enterprises were investigated, the executive office consumption how to suppress? Based on this background, this paper selects the 2010-2014 Shanghai and Shenzhen two city board A shares of non-financial listed companies as research samples, research on the internal control of the inhibitory effect of on-the-job consumption, and the introduction of the nature of equity. Firstly, through the relevant research The review to determine their perspective, and the principal-agent theory, managerial power theory is expounded, and then use the related research and theory on the basis of defining relevant concepts, clarify the ownership system, internal control mechanism and influence on the consumption. In addition, based on the mechanism of the clear influence, put forward the research hypothesis. Finally through the research design, determine the research variables, empirical research and analysis. The results show that: China's state-owned enterprise internal control quality is better obviously than non-state-owned enterprises, non-state-owned enterprises on-the-job consumption level must be higher than the state-owned enterprises. The state-owned enterprises and non state-owned enterprises due to the difference between the nature of equity, the internal control of the inhibitory effect of on-the-job consumption is not the same, the internal control of non state-owned enterprises on job consumption inhibition effect is better. At the same time, a lot of impact on job consumption factors results There are inconsistencies. For example, for the state-owned enterprises, executives of salary incentive is a good choice; while the non state-owned enterprises, equity incentive effect is more obvious. Similarly, more effective supervisory board size and ownership of non state-owned enterprises, and enterprises do not apply to China. In addition, the ownership concentration influence on the internal control and on the consumption of the two companies have the same result, show the ownership concentration and on-the-job consumption, negative correlation and so on. Finally, according to the results from the consumption of information disclosure, on-the-job consumption standard, put forward policy recommendations on compensation and incentive design of the system.

【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】：F275;F832.51

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