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題名:民營企業董事長的黨員身份與公司財務違規
書刊名:會計研究
作者:戴亦一余威寧博潘越
出版日期:2017
卷期:2017(6)
頁次:75-81+97
主題關鍵詞:民營企業董事長共產黨員身份公司財務違規
原始連結:連回原系統網址new window
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高管的文化背景是公司財務行為研究的新熱點。本文以2004-2014年民營上市公司為樣本,從共產主義文化視角,考察董事長的黨員身份對公司財務違規行為的影響。結果發現,董事長是黨員的民營企業更不可能出現報表造假等財務違規行為。進一步研究顯示,缺少政治關聯或業績壓力的黨員董事長更少做出違規財務決策;而在法制環境和政治環境更好的市場中,黨員身份抑制財務違規的作用被削弱,表明黨員身份是正式制度的一種替代機制。最后,研究發現來自老區、有商業身份及行業領導企業的黨員董事長更少開展財務違規活動,表明理念認同和聲譽約束是黨員身份影響董事長決策的可能機制;并且,本文證實設立黨組織是共產主義文化影響民營企業財務違規的一條治理渠道。
Studies on the cultural background of executives is a hot issue in corporate finance recently.Choosing the Chinese listed private companies during2004 and 2014 as a sample,we select communist culture as the new angle of view and empirically study the impact of the chairman’s communist party membership on corporate financial frauds.The results show that CEO being the party member can significantly decrease the likelihood of firm committing financial frauds.We also find that CEOs,who being lack of political connection or under performance pressure,and whose company is located in higher-law-enforcement area or‘Anti-corruption Campaign’area,will have less fraud motivation.Finally,we prove that cultural identity and reputation constraint are mechanisms to explain our major findings,and CEO’s party membership affects corporate financial frauds by setting up party organization.
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