【摘要】 从影响管理防御的管理者特征和公司治理的两方面选择六个变量,选取2010—2017年上市公司数据对管理防御对非财务信息披露质量的影响进行研究。高管特征方面高管年龄越大、学历越低、任期越长,非财务信息披露质量越低;公司治理方面股权集中度越高、董事会独立性越低、董事长和总经理两职兼任时,非财务信息披露质量越低。同时国企和非国企管理防御对非财务信息披露质量的影响存在一定差异。更多还原

【Abstract】 Based on the data of listed companies from 2010 to 2017, and choosing six variables which affect managerial entrenchment respectively from managers’ characteristics and corporate governance, this paper explores the impact of managerial entrenchment on the quality of non-financial information disclosures. Research shows that the older the senior managers are, the lower their educational background would be, the longer their tenure is, the lower the quality of non-financial information disclosure would have; with respect to the internal governance environment, the higher the degree of ownership concentration in corporate governance, the lower the independence of the board of directors, and the lower the quality of non-financial information disclosure when the chairman and general manager are concurrently employed. At the same time, there are some differences between the management defense of state-owned enterprises and non-state-owned enterprises on the quality of non-financial information disclosure.更多还原