文档介绍：重庆大学
硕士学位论文
我国医药类上市公司董事会治理与经营绩效实证研究
姓名:陈波
申请学位级别:硕士
专业:工商管理
指导教师:刘星
20060301
重庆大学硕士学位论文中文摘要

摘要

公司治理(corporate governance)是指由所有者、董事会和高级执行人员即高级
经理三者组成的一种组织结构。在这种结构中,上述三者之间形成一定的制衡关
系。通过这一结构,所有者将自己的资产交由公司董事会托管;公司董事会是公
司的决策机构,拥有对高级经理人员的聘用、奖惩和解雇权;高级经理人员受雇
于董事会,组成在董事会领导下的执行机构,在董事会的授权范围内经营企业(吴
敬琏,1994)。由于在公司治理中存在两层委托—代理关系即股东会和董事会之间
的委托代理关系和董事会与经理层之间的委托代理关系,董事会既是代理人,又
是委托人,所以董事会在公司治理结构中居于枢纽地位,无论是公司的产权结构,
还是公司的发展战略,最后的落脚点都应该是董事会。由于董事会在公司治理中
所处的核心地位,改善董事会的内部结构治理和董事会运作治理,提高公司经营
绩效也就成为建立有效董事会治理结构的重要任务。
本文的研究采用实证研究与规范研究相结合,以实证研究为主的方法。以我
国91家医药类A股上市公司(2004)为样本,主要研究分析了我国医药类上市公司董
事会治理的三个方面:董事会内部结构治理;董事会运作治理;董事会治理与公司
经营绩效。这是对我国医药类上市公司的董事会治理状况进行的一个全方位、多
角度的研究,旨在对改善我国医药类上市董事会治理和提高经营绩效有所裨益。

关键词:医药,上市公司,董事会治理,经营绩效
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重庆大学硕士学位论文英文摘要

ABSTRACT

By corporate governance, we mean a kind of institutional posed of
the owners, the board of directors and the senior executive staff, . the superior
managers. This kind of structure forms certain balanced relationship between three
described above. Through this structure, the owners trust their own assets to the board
of directors of pany; and the board of directors are the policy-making body of
company, having the power to employ, to reward, to punish and to dismiss their
employees; the senior executives are employed by the board of directors, making up the
executive body under the leadership of board of directors, managing the enterprises
within the range of mandate of the board of directors. (Wu Jinglian,1994).Because of
the two layers of entrustment in the management of pany, namely, the Agent
relationship between the shareholders and the board of directors, and the clientage
between the board and the managers, the board of directors being agents, as well as
clients, the board of directors occupies the pivot status pany's administration
structure. So both the property right structure and the development strategy pany
rest on the boards of directors eventually. B