经济与管理研究2018，Vol.39Issue(6)：110-121,12.DOI:10.13502/j.cnki.issn1000-7636.2018.06.010
董事网络、公司中心度与投资效率
Board Network,Firm Centrality and Investment Efficiency
摘要
Abstract
Based on the social network theory,this paper explores the relationship between the centrality of the listed firm and investment efficiency. With the board data from 2000 to 2013, it is found that firm centrality is positively associated with investment efficiency. Furthermore,the level of marketization in China is negatively related to the investment efficiency which supports the argument that the informal director network helps to improve investment efficiency when the formal institutional mechanism is not well developed. Meanwhile,this association is significant only in SOE,but not in the non-SOE. This paper may contribute to the investment efficiency research and the social network literature.关键词
连锁董事/社会网络/投资效率/市场化程度Key words
interlocking director/social network/investment efficiency/marketization degree分类
管理科学引用本文复制引用
左晓宇,孙谦..董事网络、公司中心度与投资效率[J].经济与管理研究,2018,39(6):110-121,12.基金项目
国家自然科学基金项目"欧美反倾销对中国上市公司的影响"(71572046) （71572046）
