公司治理是否因行业而异? 根据良好实践标准进行分析. 西班牙的案例是西班牙
Javier Corral-Lage1, Asier Garayeta1, Eduardo Trigo2
1Financial Economics I Department, Faculty of Business Administration, University of the Basque Country (UPV/EHU), Bilbao, Spain.
PloS one
|October 11, 2024
概括
公司规模和行业影响公司治理的有效性. 石油和能源等行业的大型公司表现出更好的治理,而更多的专有董事与基本材料和消费品行业的治理水平较低有关.
科学领域:
- 商业和经济学 商业和经济学
- 公司治理 公司治理
背景情况:
- 有效的公司治理对于公司的业绩和利益相关者的信任至关重要.
- 现有的研究往往侧重于特定的治理机制或部门,在国家背景下缺乏全面的跨部门分析.
研究的目的:
- 分析薪酬,监督和董事会结构对西班牙连续市场公司公司治理的影响.
- 开发和应用基于上市公司良好治理守则的新型指数来衡量公司治理.
主要方法:
- 根据已确定的建议,开发一个企业治理指数.
- 衡量薪酬,监控和董事会结构变量.
- 应用多重线性回归模型来分析企业治理作为潜在因素.
主要成果:
- 公司规模与更好的治理机制正相关,特别是在石油,能源和技术领域.
- 增加的专有董事数量与较低的良好公司治理水平有关,特别是在基本材料,工业,建筑和消费品/服务行业.
- 该研究提供了西班牙连续市场所有部门的经验证据,是一种新的方法.
结论:
- 公司规模和行业是企业治理质量的重要决定因素.
- 董事会的组成,特别是私有董事的比例,可能会对治理产生负面影响.
- 调查结果支持将公司治理因素纳入监管框架.
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