公司治理与可持续性绩效关系研究

随着可持续发展理念在全球的广泛应用,越来越多的企业开始重视可持续发展战略。本文选取2016年73家以可持续发展报告指南第四版编写社会责任报告的上市公司相关数据,从公司治理的董事会特言征、股权结构和高管激励三方面入手,研究公司治理与可持续性绩效的关系。经分析得出以下结论:董事会规模和董事会会议次数与可持续性绩效呈正相关关系,股权集中度与股权制衡度与可持续性绩效呈正相关关系,高管薪酬与可持续性绩效呈负相关关系。

The Relationship between Corporate Governance and Sustainable Performance

With the concept of sustainable development widely used in the world,more and more enterprises pay attention to strategy of sustainable development.In this paper,73 listed companies whose corporate social responsibility reports are based on the GRI sustainability reporting guidelines in 2016 are selected as research samples.It studies the relationship between corporate governance and sustainable performance from three aspects:board characteristics,equity structure and executive incentives.The research shows that the size of the board,the number of board meetings,equity concentration,equity balance are positively correlated with sustainable performance,and executive compensation is negatively correlated with sustainable performance.