上市公司高管特征与环境业绩实证研究

发布时间：2018-01-31 08:37

本文关键词： 环境业绩高管特征公司治理　出处：《长沙理工大学》2015年硕士论文　论文类型：学位论文

【摘要】：随着社会对上市公司环境责任期望的增加,环境业绩已然成为战略机遇可以识别的领域。环境业绩较高的企业可以减少运营成本、提高对资源的利用效率、降低员工流动性,此外,对环境业绩的改善还能增加企业对市场机会的利用。高管作为公司的经营管理者与战略决策制定者,在改善环境业绩过程中有着无法代替的位置,因此,本文对上市公司高管特征和环境业绩间可能存在的关系进行实证研究,并提出如何提高环境业绩水平的公司治理建议。本文首先概述了国内外关于高管特征与环境业绩关系的研究现状,在考虑委托代理理论、资源依赖理论和高层梯队理论的前提下,对已有的环境业绩评价标准进行归纳总结,并在得出本文环境业绩评价指标体系后,提出系列假设。企业环境业绩为被解释变量,高管基本特征为解释变量,以2008——2013年我国沪市A股1041家重污染行业上市公司的数据为样本,运用STATA12.0与SPSS17.0等统计软件,对重污染企业高管特征和环境业绩间存在的关系进行实证检验。经研究发现：(1)高管教育背景、性别比例和规模与企业环境业绩显著正相关；(2)高管二元性、政治背景与企业环境业绩弱负相关；(3)高管年龄、任期分别和企业环境业绩正相关、负相关,但不显著；(4)直接控制人性质对高管年龄、任期、二元性、政治背景以及团队规模作用的发挥有显著影响,高管教育背景与性别比例对环境业绩的影响在国有控股公司与非国有控股公司间不存在显著差异。最后,根据本文得出的结果进行原因分析,并且提出通过公司治理改善环境业绩的政策建议。本文研究结果拓宽了公司治理的研究视角、并为企业环境业绩评价制度的完善提供了实证依据。
[Abstract]:With the increase of the listed company social responsibility expectation environment, environmental performance has become a strategic opportunity recognition field. The higher the environmental performance of enterprises can reduce operating costs, improve the utilization efficiency of resources, reduce staff turnover, in addition, to improve environmental performance but also increase the use of enterprise market opportunities. As executive management the company's strategy and decision makers, to improve the environmental performance of irreplaceable position, therefore, this paper makes an empirical study on the possible relationship between listed companies executive characteristics and environmental performance, and puts forward how to improve the corporate governance proposals of environmental performance level. This paper summarized the research status at home and abroad about the relationship between executive characteristics and environmental performance, considering the premise of the principal-agent theory, resource dependence theory and upper echelons theory under the existing Environmental performance evaluation standards are summarized, and the evaluation index system of the environmental performance, put forward a series of assumptions. Corporate environmental performance as explanatory variables, the basic characteristics of executives as explanatory variables, from 2008 to 2013 in China Shanghai A shares 1041 heavy polluting industries listed companies as the sample data, using STATA12.0 and SPSS17.0 statistical software, the empirical test on the relationship between existence of heavy pollution characteristics and environmental performance of corporate executives. The study found that: (1) executive education background is positively related to sex ratio and the scale of the enterprise and environmental performance; (2) two yuan of executives, political background and corporate environmental performance weak negative correlation; (3) executives age, tenure and corporate environmental performance are positive correlation, negative correlation, but not significant; (4) the term direct controller for executives age, two yuan, political background and the role of team size The essential effects have significant effect, executive education background and sex ratio of environmental performance there is no significant difference between state-owned companies and non-state-owned holding company. Finally, analyze the reason according to the results, and put forward to improve the environmental performance through the corporate governance policy recommendations. The results of this study will broaden the research perspective of corporate governance and, for the enterprise environmental performance evaluation system provides an empirical basis.

【学位授予单位】：长沙理工大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：X322;F272.91

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