作　　者： ;

机构地区： 中山大学管理学院

出　　处： 《管理科学》 2005年第4期8-13,共6页

摘　　要： 实证研究表明,尽管上市公司在决定独立董事角色的现实定位中起着关键的作用,但在上市公司与独立董事动机的相互作用下,独立董事具有花瓶效应、决策效应和风险回避效应。这个结果一方面说明在我国独立董事制度存在种种缺陷的情况下独立董事依然能在某些方面发挥作用,另一方面也说明在改进我国的独立董事制度时,只有充分考虑这些动机和独立董事所具有的这些效应,才能让独立董事有能力胜任自己的角色。 This empirical study finds that independent directors have ＂ vase＂ effect, decision effect and rlsk-avoidance effect under the motivation interactions between listed companies and independent directors, even though listed companies play a key role in determining the role position of independent directors. The resuits imply that independent directors still play effective roles in some aspects though Chinese independent director systems have various defects in effeetveness. Based nn the results, the independent directors could be able to take on and play their good roles only if the Chinese independent director systems are designed or adjusted in considering these motivations and effectes produced in such systems.

关 键 词： 董事会 独立董事 花瓶效应 决策效应 风险回避

领　　域： [经济管理] [经济管理]