Potential Characteristics of Supervisory Board,Company Asset Scale and Irregularity of Listed Companies:Empirical Analysis Based on Heckman Two-Stage Model

作     者：Yang CHEN Jian XU Yang CHEN;Jian XU

作者机构：School of Economics and ManagementUniversity of Chinese Academy of SciencesBeijing 100190China 

出 版 物：《Journal of Systems Science and Information》 (系统科学与信息学报（英文）)

年 卷 期：2023年第11卷第2期

页      面：179-203页

核心收录：

学科分类：12[管理学] 02[经济学] 0202[经济学-应用经济学] 1202[管理学-工商管理] 020204[经济学-金融学（含∶保险学）] 

主　　题：heterogeneous factors potential characteristics company asset scale factor analysis Heckman two-stage model 

摘      要：Based on heterogeneity extraction,this paper analyzes four potential characteristics of the supervisory board,they are Individual Heterogeneity of the Supervisory Member(Internal Heterogeneity),Organization Size of the Supervisory Board(Organization Size),Structural Characteristics of the Supervisory Board(Structural Characteristics)and Identity Background of the Supervisory Board(Identity Background);and verifies the impact and action path of the potential characteristics on irregularities.Then,systematically evaluates the micro enterprise organization construction and corporate governance behavior by using the methods of factor analysis and Heckman two-stage model.Empirical research shows that the scale of corporate assets does have an important impact on corporate irregularities and the governance of the board of supervisors.Under the regulation of the company scale,the three potential characteristics:Organization Size,Identity Background and Structural Characteristics have played a significant inhibitory role on irregularities,and the Internal Heterogeneity has no significant effect.When using violation behavior as an alternative variable of supervision performance,the sample selection deviation will be caused by the lack of information disclosure.This paper suggests that we should pay attention to the team of the board of supervisors scientifically and reasonably,weaken the appropriate personalized differences within the board of supervisors,and comprehensively consider the interaction between the company scale,asset quality and the performance of the board of supervisors when formulating the corporate internal management system.