中国上市企业外籍高管的监督作用研究

中国企业吸引外籍人士加入到管理团队中,是因为外籍高管在国内没有复杂的人际关系,可以避开很多人情干扰,不折不扣地执行各项规定,从而更好地监督企业的运营。本文以2003-2007年所有A股上市企业为研究样本,实证结果显示,引进外籍高管,可以减少企业股权冻结的事件,降低大股东占款比例,提高企业的审计质量。外籍高管发挥了人们期望的监督作用,外来的和尚可以念好中国的经。本文的研究结论有助于认识外籍高管在中国企业的治理结构中所发挥的作用。

A Study on Supervisory Role of Foreign Executives in China

Some domestic literatures indicate that the junior managers of Chinese enterprises can not play the supervisory role well.Independent directors can not enhance the quality of corporate earnings,the supervisory board is just an institution controlled by the board of directors,and the Audit Committee may restrain managers' behavior to a certain extent,but not statistically significant.Can't foreign executives play a supervisory role either? China's enterprises are attracting more and more foreign executives t...