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董事会性别多样化与杠杆效应的相关性研究 被引量:1

Correlation between Gender Diversity in Board of Directors and Leverage Effect
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摘要 在杠杆效应、董事会性别多样化等相关理论研究的基础上,提出了中国上市公司董事性别多样化与杠杆系数之间的假设。选取2013—2014年我国沪市A股上市公司中1 721个样本进行研究,进行了描述性分析、相关性分析、回归分析及稳健性检验,最终得出结论:中国女性董事比例低于西方国家平均水平,女性董事还没有真正参与到公司治理中;中国上市公司女性董事比例与经营杠杆和复合杠杆系数间存在显著的负相关关系,对企业的风险控制有一定积极作用;与财务杠杆系数间没有显著的相关关系。 On account of the situation above the theory about leverage effect hypothesis between gender diversity in China^s listed companies and leverage ratio is presented at the theoretical foundations. Based on 1 721 samples of Shanghai A-share listed companies from 2013 to 2014, the descriptive analysis, correlation analysis, regression analysis, and robustness test are made with SPSS . It turns out to be that the proportion of women directors in China is lower than theaverage level of western countries,and female directors are not really involved in corporate governance; there is a significant negative correlation between the proportion of female directors and operating leverage and compound leverage factor in Chinese listed companies,which has positive effects on the risk control of enterprises; and there is no significant correlation of female directors and the financial leverage factor.
作者 邵雨凝
出处 《沈阳大学学报(社会科学版)》 2017年第1期9-14,共6页 Journal of Shenyang University:Social Science
关键词 女性董事 董事会性别多样化 公司治理 杠杆效应 female directors gender diversity in board of directors corporate governance leverage ratio
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