CEO权力、风险承担与公司成长性——基于我国上市公司的实证研究

发布时间：2018-06-21 00:32

本文选题：CEO权力 + 风险承担　；参考：《管理评论》2017年10期

【摘要】：本文对我国A股上市公司CEO权力、风险承担与公司成长性之间的关系进行了实证研究。研究发现:CEO权力与公司风险承担正相关;与非国有上市公司相比,CEO集权对风险承担的影响在国有上市公司中更加突出;进一步,公司风险承担对公司成长性具有显著的拖累效应,即风险承担水平越高,公司成长性越差;风险承担的这种拖累效应在国有上市公司中表现地更为显著。本研究对于制约上市公司尤其是国有上市公司CEO集权、合理控制风险、提高公司成长性等问题提供了一定的理论支持和解决思路。
[Abstract]:This paper makes an empirical study on the relationship between CEO power, risk taking and corporate growth of A-share listed companies. The study found that CEO power is positively related to corporate risk-taking; compared with non-state-owned listed companies, the influence of CEO centralization on risk-taking is more prominent in state-owned listed companies. Corporate risk-taking has a significant drag on corporate growth, that is, the higher the level of risk-taking, the worse the corporate growth, and the more significant this drag effect of risk-taking is in state-owned listed companies. This study provides some theoretical support and solutions for restricting the centralization of the CEO of listed companies, especially for state-owned listed companies, reasonably controlling risks, and improving the growth of companies.
【作者单位】：大连理工大学城市学院;
【基金】：国家社会科学基金青年项目(14CJY073) 辽宁省社科规划基金项目(L16BGL009)
【分类号】：F272.3;F272.91;F832.51

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