摘要
上市公司处于内外部经济主体所构建的关系网络之中,而校友关系凭借信任感、信息交流和契约监督等特殊性对公司治理带来的影响日益受到学术界青睐。通过对现有校友关系影响公司治理的文献进行梳理归纳,探讨董事会、高管层、审计师和机构投资者等治理要素的校友关系,辨析其对董事独立性、决策客观性、外审公允性和股价有效性的影响效果。基于此,从中国情境研究、经理人激励、校友关系对象和社会网络衡量等角度进行展望,为未来研究校友关系等非正式关系对公司治理的价值效应提供参考。
Listed companies are in a network of relationships constructed by internal and external economic entities,and the impact of alumni relationship on corporate governance by virtue of trust,information exchange and contract supervision is attracting attention among academic circles.Through combing and summarizing the existing literature on the influence of alumni relationship upon the corporate governance,this paper discusses the governance elements of alumni relationship for the board of directors,senior management,auditors,and institutional investors,and analyzes the impact brought by such relationship on the independence of directors,the objectivity of decision-making,the fairness of external audit and the effectiveness of stock price.Further,prospects are forecast based on a Chinese contextual research,manager incentives,alumni relationship objects and social network measurement,providing references for future research on the value effect of informal relationships such as alumni relationships on corporate governance.
作者
王颖
周静
陈泽宇
WANG Ying;ZHOU Jing;CHEN Ze-yu(School of Economics and Management,Changsha University of Science and Technology,Changsha 410114,Hunan Province,China)
出处
《景德镇学院学报》
2021年第1期76-81,共6页
Journal of JingDeZhen University
基金
2014年教育部人文社会科学研究青年基金项目(14YJC630133)
2018年湖南省教育厅优秀青年项目(18B135)。
关键词
校友关系
非正式制度
公司治理
alumni relationship
informal system
corporate governance
