论资排辈、CEO任期与独立董事的异议行为

发布时间：2018-05-04 22:12

本文选题：论资排辈 + 组织文化　；参考：《中国工业经济》2017年12期

【摘要】：儒家文化是中国传统文化中不可分割的内容,论资排辈则是儒家文化中最重要的组成部分,迄今仍潜移默化地影响着中国人的行为。本文使用手工搜集的论资排辈数据,基于中国资本市场特有的、独立董事对董事会议案发表的意见,考察了论资排辈对独立董事进谏行为的影响。基于中国A股上市公司2005—2013年间13336个年度观测值的实证研究分析发现,论资排辈与独立董事发表异议意见的概率以及数量呈现出显著负相关关系,说明论资排辈抑制了独立董事的进谏行为。进一步研究发现,CEO任期越长,论资排辈对独立董事发表异议意见的负向影响越明显,即论资排辈所造成的影响因CEO掌握的权力大小而存在差异。本文系首次通过对董事会中多位独立董事之间的排序方式进行分析,借此度量论资排辈是否存在于特定的上市公司之中。这一度量方法是对管理学文献中问卷调查的重要补充。此外,本文发现儒家文化中的论资排辈会损害独立董事的监督职能,这揭示了儒家文化消极的一面,对公司的组织文化构建具有实践启示。
[Abstract]:Confucian culture is an inseparable part of Chinese traditional culture, while seniority is the most important part of Confucian culture. Using the seniority data collected by hand, this paper examines the influence of seniority on the behavior of independent directors, based on the opinions of independent directors on board motions that are peculiar to China's capital market. An empirical study based on 13336 annual observations of Chinese A-share listed companies from 2005 to 2013 shows that there is a significant negative correlation between seniority and the probability and number of dissenting opinions of independent directors. It shows that seniority inhibits the admonition of independent directors. Further study shows that the longer the term of CEO, the more negative influence of seniority on independent director's dissent, that is, the influence caused by seniority is different because of the power of CEO. This is the first time to measure whether seniority exists in a specific listed company through the analysis of the ranking method among several independent directors in the board of directors. This measurement method is an important supplement to the questionnaire survey in management literature. In addition, this paper finds that seniority in Confucian culture will damage the supervision function of independent directors, which reveals the negative side of Confucian culture and has practical implications for the construction of corporate organizational culture.
【作者单位】：厦门大学管理学院;厦门国家会计学院;
【基金】：国家自然科学基金重大项目“制度变革、非正式制度因素与会计审计行为研究”(批准号71790602);国家自然科学基金面上项目“宗教、外部监督与审计质量:数据挖掘与经验证据”(批准号71572162) 教育部人文社会科学基地重大项目“文化影响、会计信息质量与审计行为”(批准号16JJD790032)
【分类号】：F271;F272.91;F832.51

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