中南大学学报（社会科学版）
中南大學學報（社會科學版）
중남대학학보（사회과학판）
Journal of Central South University (Social Science)
2015年
5期
154-161
,共8页
民营企业%官符独董%履职情况%企业绩效
民營企業%官符獨董%履職情況%企業績效
민영기업%관부독동%리직정황%기업적효
private firms%politically connected independent director%fulfillment of duties%firms’ performance
近年来，退职政府官员担任上市公司独立董事现象频现，引发社会热议。对退职官员担任独立董事能否有效履职、对公司绩效能否产生积极影响等问题的解答，成为剖析“官符独董”现象的关键。选取2005—2013年民营上市企业为研究对象，描述了官符独董聘任和日常履职情况，并实证分析其对公司绩效的影响，结果显示官符独董尽管领取相对高的薪酬，但并不能有效履职，因而给企业绩效带来了消极影响，且行政级别越高，消极作用越强。
近年來，退職政府官員擔任上市公司獨立董事現象頻現，引髮社會熱議。對退職官員擔任獨立董事能否有效履職、對公司績效能否產生積極影響等問題的解答，成為剖析“官符獨董”現象的關鍵。選取2005—2013年民營上市企業為研究對象，描述瞭官符獨董聘任和日常履職情況，併實證分析其對公司績效的影響，結果顯示官符獨董儘管領取相對高的薪酬，但併不能有效履職，因而給企業績效帶來瞭消極影響，且行政級彆越高，消極作用越彊。
근년래，퇴직정부관원담임상시공사독립동사현상빈현，인발사회열의。대퇴직관원담임독립동사능부유효리직、대공사적효능부산생적겁영향등문제적해답，성위부석“관부독동”현상적관건。선취2005—2013년민영상시기업위연구대상，묘술료관부독동빙임화일상리직정황，병실증분석기대공사적효적영향，결과현시관부독동진관령취상대고적신수，단병불능유효리직，인이급기업적효대래료소겁영향，차행정급별월고，소겁작용월강。
In the recent years, more and more retired senior officials tend to act as independent directors in private firms, which arouses heated debates in the society. It is the key to dissect whether these politically connected independent directors perform their duties effectively and whether they positively impact the performance of the firms. Taking the private listed companies during 2005—2013 as samples, the present study elaborates the employment of politically connected independent directors. The result shows that politically connected independent directors play the role of“vase director”. Although they receive relatively higher payment, they can not perform their duties effectively, and herefore bring a negative effect on the firms’ performances. Besides, the higher the administrative positions they hold, the stronger the negative effect is.
