高管法律执业经历、内部控制与上市公司违法行为研究
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澳门科技大学 商学院

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F08

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澳门科技大学研究基金(FRG-21-027-MSB)


Legal Performance Experience of Executive Officers,Internal Control and Compliance in Listed Companies
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Macau University of Science and Technology

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    摘要:

    许多上市公司拥有法律从业背景的董事、监事、高管,知法懂法的他们可能会更加依法办事,但也有可能因为对法律的了解以及应对法律问题的自信而进行更多操控,导致公司更易卷入诉讼案件中。本文使用Logit模型,将上市公司按照是否存在内控缺陷进行分组,检验具备法律执业背景的高管所在公司是否更容易被卷入诉讼纠纷。实证和稳健性检验的结果均显示,管理层拥有法律执业经历人员比例越高的上市公司反而越容易卷入被起诉纠纷,但是更好的内部控制会削弱这种情况的发生。本文丰富了高管特质与企业表现相关研究,也为上市公司审慎选择公司高管、加强内部控制、规范经营行为提供了有益启示。

    Abstract:

    Many listed companies have directors, supervisors, and executives with legal backgrounds. They may be more law-abiding due to their understanding of the law, but they may also manipulate more due to their confidence in dealing with legal issues, leading the company more likely to be involved in litigation. The Logit model is used in this article to group listed companies according to whether they have internal control defects, and it is tested whether companies where executives with legal practice backgrounds are more likely to be involved in litigation disputes. The results of empirical and robustness tests both show that the higher the proportion of management personnel with legal practice experience in a listed company, the more likely it is to be involved in litigation disputes. However, better internal control will weaken this situation. This article enriches the research on the relationship between executive traits and corporate performance, and provides useful enlightenment for listed companies to carefully select company executives, strengthen internal control, and regulate business behavior.

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张金源,苏育洲.高管法律执业经历、内部控制与上市公司违法行为研究[J].技术经济,2023,42(10):167-175.

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历史
  • 收稿日期:2023-07-06
  • 最后修改日期:2023-10-16
  • 录用日期:2023-08-23
  • 在线发布日期: 2023-11-02
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