首页|克己复礼:董事长本地任职与企业违规

克己复礼:董事长本地任职与企业违规

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本文以2003-2022年A股上市公司为样本,从非正式制度视角,考察董事长本地任职对企业违规的影响.研究发现,董事长会因老乡身份产生较为强烈的家乡认同感,并且面临较大的社会舆论压力,从而更为严格地监督和约束企业行为,减少违规事件的发生概率和发生频率.同时,当董事长年龄越大、任期越长、企业受到的外部监督越强时,董事长本地任职对企业违规的抑制作用越明显,表明董事长对家乡的归属感越强,面临的外部约束越大,越能够"克己复礼".进一步研究发现,本地董事长所在企业违规严重程度较低、越不会发生领导人违规.本文还从多个角度排除了政府寻租这一替代性解释,发现本地董事长的自我约束和对家乡的认同感还体现在其他决策方面,例如所在企业履行更多的社会责任、避税程度更低.本文从家乡认同这一非正式制度的角度补充和拓展了企业违规影响因素领域的文献,丰富了"文化与金融"相关的研究话题,对企业违规的监管也有一定的启发意义.
Subdue One's Self and Return to Propriety:Local Chairman and Firm Violation
Taking A-share listed companies from 2003 to 2022 as samples,this paper examines the impact of local chairman on firm violation from the perspective of informal system.Results show that local chairman has a strong sense of hometown identity and faces greater pressure from public opin-ion,so she will supervise and restrict the behavior of firms more strictly,and reduce the probability and frequency of firm violations.At the same time,we find that when local chairman is older,has longer tenure,or when the firm has stronger external supervision,the negative effect of local chairman on firm violation will be more pronounced,suggesting that the stronger sense of belonging the local chairman has for the hometown,as well as the greater the exter-nal constraints,the local chairman will be more likely to"subdue herself and return to propriety".Furthermore,we find that the severity of firm violation is lower and it is less likely to be a leader's violation case when the firm has a local chairman.This paper rules out the alternative explanation of government rent-seeking using several methods and finds that local chairman's self-restraint and hometown identity are consistently manifested in other decisions such as being more socially responsible and having a lower degree of tax avoidance.This paper supplements and expands the literature in the field of factors af-fecting firm violation from the perspective of an informal system,namely,hometown identity,enriches the research on the topic of"culture and finance",and has certain enlightening significance for the supervision of firm violation.

ChairmanLocal TenureFirm ViolationHometown IdentityBehavior Restriction

吴雅倩、李吉园、王成方

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南京农业大学金融学院 210095

重庆理工大学会计学院 400054

安徽财经大学会计学院 233030

董事长 本地任职 企业违规 家乡认同 行为约束

国家自然科学基金青年项目中央高校基本科研业务费专项江苏高校哲学社会科学研究一般项目南京农业大学中央高校基本科研业务费人文社科基金项目重庆市教育委员会人文社会科学研究项目

72202100KYQN20230122022SJYB0052SKYC202200624SKJD130

2024

会计研究
中国会计学会

会计研究

CSTPCDCSSCICHSSCD北大核心
影响因子：6.346
ISSN：1003-2886
年,卷(期)：2024.(4)