摘要
利用2007年至2012年我国A股上市公司相关数据,以上市公司总经理继任来源与董事会选择偏好之间的关系为切入点,从决策模糊性、认知风格、学习理论等理论视角出发,研究上市公司董事会是否存在总经理继任来源选择偏好。结果显示:董事会在做出总经理继任者选择决策时,会考虑前任总经理的继任来源。具体而言,若前任总经理属于内部继任,则新继任总经理更可能来自于公司内部;若前任总经理属于外部继任,则新继任总经理更可能来自于公司外部。在进一步验证董事会层面和总经理层面因素对总经理继任来源选择偏好的影响后发现,董事会规模越大、独立董事比例越高、前任总经理任期越长,存在总经理继任来源选择偏好的可能性越大。
Taking the data in China's Listed companies from 2007 to 2012 as a sample,with the relationship between the CEO succession origin and the selection preference of board as the starting point,this paper studies whether the board of directors has the selection preference of CEO succession origin from the perspectives of decision-making fuzziness,cognitive style and learning theory. The study finds that when making decisions about selecting a new CEO,the board of directors would consider the former CEO's succession origin. Specifically,if the former CEO is an internal successor,the new CEO is more likely to come from internal of the company; if the former CEO is an external successor,the new CEO is more likely to come from external of the company. In addition,the paper,in the further validation of the influence of the board and CEO levels on the selection preferences of CEO successor origin,finds that in these cases( that is in the of board of directors with larger scale and the higher proportion of independent directors,the longer tenure of former CEO,the more likely of the new CEO succession origin),there is bigger possibility of selection preferences.
出处
《南京审计学院学报》
2015年第2期19-28,共10页
journal of nanjing audit university
关键词
董事会规模
总经理继任来源
公司治理
企业业绩
企业规模
董事会选择偏好
公司高管选择决策
size of the board of directors
CEO succession origin
corporate governance
corporate performance
enterprise scale
selection preference of the board of directors
decision-making of CEO
作者简介
陈钢(1988-),男,河南信阳人,东北财经大学工商管理学院博士生,主要研究方向为公司治理。