青岛科技大学学报：社会科学版
青島科技大學學報：社會科學版
청도과기대학학보：사회과학판
Journal of Qingdao University of Science and Technology
2012年
1期
55~59
,共null页
控制权转移 高管更替 董事会特征 Logit回归模型
控製權轉移 高管更替 董事會特徵 Logit迴歸模型
공제권전이 고관경체 동사회특정 Logit회귀모형
control transfer; executive turnover; BOD; the Logit regression model
董事会作为公司治理的重要机构,其特征对上市公司高管的稳定性有重要影响。利用SPSS13.0实证检验发现,董事会特征对于控制权转移后的高管更替有内在影响：董事会成员持股对高管更替有显著的负向影响,独立董事的比例反向调节高管的更替情况,现代企业治理结构倡导的两职分离对于高管更替的影响不显著。
董事會作為公司治理的重要機構,其特徵對上市公司高管的穩定性有重要影響。利用SPSS13.0實證檢驗髮現,董事會特徵對于控製權轉移後的高管更替有內在影響：董事會成員持股對高管更替有顯著的負嚮影響,獨立董事的比例反嚮調節高管的更替情況,現代企業治理結構倡導的兩職分離對于高管更替的影響不顯著。
동사회작위공사치리적중요궤구,기특정대상시공사고관적은정성유중요영향。이용SPSS13.0실증검험발현,동사회특정대우공제권전이후적고관경체유내재영향：동사회성원지고대고관경체유현저적부향영향,독립동사적비례반향조절고관적경체정황,현대기업치리결구창도적량직분리대우고관경체적영향불현저。
Board of Directors（BOD） is regarded as an important institution of corporate governance and the characteristics of it have significant influences on the stability of executives in listed companies.With the help of SPSS 13.0,our empirical test found that the characteristics of BOD have inherent influence on executive turnover in listed companies engaged in control transfer.Here are some conclusions：firstly,the stock holding of board members has a significant negative impact on executive replacement;secondly,reverse proportion of independent directors regulates executive turnover and the two positions advocated by the modern corporate governance structure have no longer significant influence on executive turnover.
