摘要
本文在中国大陆地区910家上市公司样本数据基础上,利用动态Panel Data模型对中国上市公司地区治理效率进行了实证研究。我们发现,中国上市公司的治理效率在不同的区域之间存在着较大的差异。本文认为,造成上市公司治理效率存在地区性差异的主要原因是由于我国各地区在市场化进程中出现的地区发展差异,上市公司治理效率的地区性差异是我国证券市场的一个重要特征,把握这个特征对制定和完善具有针对性的上市公司治理法规和政策有着积极的意义。
Based on the panel data sets of China＇s 910 listed companies,this paper investigates the corporate governance efficiency in different regions by model of dynamic panel data.The empirical research shows that,there is a greater difference between different areas in the corporate governance efficiency of the Chinese listed company.The conclusion of the article points out,this phenomenon is caused by the regional disparities during the economy transition.It is an important characteristic of the present security market,to realize this kind of characteristic will be helpful to perfecting the rule of our security market.
出处
《管理工程学报》
CSSCI
2008年第1期128-132,共5页
Journal of Industrial Engineering and Engineering Management
基金
高等学校博士学科点专项科研基金资助项目(20050611013)
关键词
治理效率
地区差异
动态面板数据
governance efficiency
regional disparities
dynamic panel data
