摘要
董秘制度是公司治理结构中的重要环节,关系到公司信息披露质量。但长期以来相当多上市公司的董秘责任大于权利,难以完全发挥监管部门和投资者期望的作用。为提高董秘地位以充分发挥董秘职能,拟修订的《上市规则》要求上市公司董秘要由副总或董事担任。实施这一措施能否起到预期的监管效果呢?我们的研究发现,由副总兼任董秘可提高信息披露质量,但未发现董秘仅兼任董事在提高信息披露质量方面的显著作用。
The system of the Secretary of the Board of Directors is very important to corporate governance.The Company Law affirms the Secretary of the Board of Directors as an executive shall be responsible for the information disclosure.However,quite a lot of listed companies (?)ecretaries of the Board of Directors have not played important roles as anticipated.To improve the effectiveness of the Secretary of the Board of Directors,Listing Bules that will be updated requires the Secretary of the Board of Directors to hold the position of Director or Vice Manager.Does the implementation of this rule Matter? Using historical data,we find the Secretary of the Board of Directors holding the position of Vice Manager is positively associated with the quality of infor- mation disclosure,but we find no statistically significant association between the quality of information disclosure and the Secretary of the Board of Direc- tors holding the position of Director.
出处
《会计研究》
CSSCI
北大核心
2008年第1期47-54,共8页
Accounting Research
基金
国家自然科学基金重点项目“产权保护导向的会计研究”(项目批准号70532002)的成果之一。
