A STUDY ON INFLUENCE OF BUREAUCRAT DIRECTORS OF LISTED COMPANIES

摘要：

Almost 25％ of the directors in a sample of 118 Ashare companies in the Shanghai Stock Exchange IPO from 2003 to 2008 have government background.These bureaucrat directors have great influence in the state-owned listed companies.They usually play the role of government, reducing the boards professionality.Besides, they often put the political and social objectives upon the companies profit target, making companies bear more social responsibility, such as increasing employment, etc. Although the bureaucrat directors also bring in government subsidies and protection for the listed companies, they still lead to lower accounting earnings in these listed companies.

关键词： listed companies governance structure board of directors bureaucrat directors

作者: ZHANG JUNREN GENG HEJIANG XIAO LIU

作者单位: Business School,Hohai University,Nanjing 210098,P.R.China MBA School,Zhongnan University of Economics and Law,Wuhan 430060,P.R. China

会议类型: 国际会议

会议名称: 2011 3rd International Conference on Computer Technology and Development(2011第三届计算机技术与发展国际会议 ICCTD2011)

会议地点: 成都

会议语种:英文

页码: 169-173

在线出版日期: 2011-11-25（万方平台首次上网日期，不代表论文的发表时间）