论文部分内容阅读
随着股权分置改革的完成,大股东与中小股东之间的利益趋向一致,然而,由于大股东的明显信息优势,出于自身利益最大化原因而分配公司资源,有可能损害中小股东利益。文章通过研究股权分置改革后上市公司独立董事比例及其背景与上市公司绩效的相关性,为独立董事制度的健全和完善提供了依据。研究结果表明,在股权分置改革后的短期内,独立董事制度与公司绩效没有显著的相关性,因此,独立董事的职能需要进一步强化和完善。
With the completion of the equity split reform, the interests of large shareholders and small and medium shareholders tend to be the same. However, due to the obvious information advantage of large shareholders, allocating company resources for maximizing their own interests may damage the interests of small and medium shareholders. The article provides a basis for the improvement and improvement of the independent director system by studying the correlation between the proportion of independent directors of listed companies and their background and the performance of listed companies after the share reform. The results of the study show that there is no significant correlation between the independent director system and the company’s performance in the short term after the share structure reform. Therefore, the functions of independent directors need to be further strengthened and improved.