초록 열기/닫기 버튼
本研究调查了独立董事特征对中国A股市场2009年到2017年上市公司非公允关联交易的影响，调查结果如下：第一，独立董事在董事会中的人数比例越大，能够减少非公允关联交易的发生。第二，独立董事的学历越高，对关联交易的抑制作用越有效。第三，独立董事的职业年限会影响关联交易规模，也就是说，独立董事的职业年限时间越长，能够减少非公允关联交易的发生。本研究的政策含义如下：第一，上市公司出于保护中小股东利益的目的，应贯彻实行独立董事制度。第二，需要加强独立董事的独立性。第三，在选择独立董事时应考虑学历、职业年限等因素。由此减少非公允关联交易的发生。
This study investigates the effect of the characteristics of independent directors on the non-fair related transactions of listed companies in China's A-share market from 2009 to 2017. The results of this study are as follows: First, the greater the proportion of independent directors in the board of directors, the reduction of non-fair related transactions. Second, the higher educaon of independent directors, the more effective the suppression of related transactions. Third, the professional life of independent directors will affect the size of related transactions. That is to say, the longer the occupational period of independent directors, the less the occurrence of non-fair related transactions. The policy implications of this study are as follows: First, listed companies should implement the system of independent director for the purpose of protecting the interests of small and medium shareholders. Second，the independence of the independent directors needs to be strengthened. Third, factors such as education and occupational period should be considered when selecting independent directors. This reduces the occurrence of non-fair related transactions.
키워드열기/닫기 버튼
Related transactions, Independent Director, Chinese listed firms, Restrictive effect
