上市公司董事会特征与公司成长性关系的实证研究

将公司按成长性不同分为两组,提出假设,建立模型,得出结论.两职合一、独董比例与公司成长性显著正相关;董事会专业委员会的设置、持股比例与公司成长性均显著负相关;董事会规模与会议次数分别与公司成长性表现为不显著的正相关和负相关关系.针对实证结果和我国国情,提出政策和建议,以期为进一步优化董事会治理结构,促进公司成长尽点绵薄之力.

The Empirical Research on the Relationship between the Characteristics of the Board and Growth Ability of Listed Companies

According to the growth of company, this paper divides listed companies into two groups, proposes hy- potheses, and then sets up a model and draws empirical conclusions. Both the duality of the chairman and CEO and the ratio of independent directors are significantly and positively related to the growth; the setting of professional committees and the shareholding ratio are significantly and negatively related to the growth; the board scale is posi- tively related to the growth; the board meeting is insignificantly and negatively related to the growth. Based on the former study and China＇s national conditions, this paper provides some suggestions to optimize board governance mechanism and to promote company＇s growth.