机构地区: 中山大学管理学院
出 处: 《南方经济》 2007年第3期59-69,共11页
摘 要: 以2002年到2004年中国A股上市公司为样本,本文发现国有上市公司的监事会治理绩效要劣于非国有企业。但是,在国有企业中,随着第一大股东持股比例上升,监事会治理绩效逐渐增强。而在非国有企业中,随着第一大股东持股比例上升,监事会治理绩效则有轻微下降的趋势。这表明,监事会制度是一种依赖于产权安排的相机治理机制。 By analyzing the listed companies in China from 2002 to 2004, we find that governance performance of supervisory beard in SOE listed companies are inferior to those in the private companies. In SOE listed companies, the more shares the first shareholder hold, the better governance performance of supervisory beard, which is contrary to the private companies. It indicates that the performance of supervisory board depends on ownership arrangement.