摘要
随着新时代来临,公司治理面临国际竞争加剧和国内提出新要求的局面。独立董事作为公司治理的重要组成部分,独立董事网络对公司治理效果影响机理受到广泛关注。由于独立董事网络具有社会网络的一般特征,本文采用了社会网络分析方法以及社会网络理论,并根据过往研究忽略了独立董事网络"质"及调节因素的经验,将从独立董事网络所获取的社会资本划分为关系、结构、认知三个维度,来衡量独立董事网络的"质"和"量",对其与公司治理效果的直接影响和间接影响进行了实证研究,结果表明:独立董事网络"量"的结构资本与公司绩效间存在显著的正相关关系,独立董事网络"质"的关系资本和认知资本对独立董事网络"量"与公司绩效间的正向关系有显著的正向调节作用。
With the advent of the new era, corporate governance faces a situation of increased international competition and new demands in China. As an important part of corporate governance, independent directors have been widely concerned about the impact of independent directors＇ network on corporate governance. Since the network of independent directors has the general characteristics of social networks, this paper adopts the social network analysis method and social network theory, and ignores the experience of ＂quality＂ and adjustment factors of independent director network according to past research, and the society will be obtained from the network of independent directors. Capital is divided into three dimensions： relationship, structure and cognition. It measures the ＂quality＂ and ＂quantity＂ of the independent director network, and conducts empirical research on its direct and indirect effects on corporate governance. The results show that for the independent director network, there is a significant positive correlation between the ＂quantity＂ of structural capital and corporate performance. The relationship between the ＂quality＂ of the independent directors＇ network and the cognitive capital has a significant positive regulating effect on the positive relationship between the independent director＇s network ＂quantity＂ and company performance.
作者
孟星辰
陈海歌
MENG Xing-chen;CHEN Hai-ge(School of Business,Qingdao University,Qingdao 266071)
出处
《财务与金融》
2018年第4期45-49,63,共6页
Accounting and Finance
基金
山东省研究生教育质量提升计划建设项目(16SD035)
关键词
独立董事网络
社会资本
公司治理
Independent Director Network
Social Capital
Corporate Governance
