国有企业多元治理逻辑、董事会行为合法性与企业可持续成长

Under the background that state-owned enterprises of China are facing market-oriented and government-dominant dual logic, this project explore how the plural goverance logic affects the legitimacy of corporate governance of SOEs， composition and the power structure of board of directors, and further affects board governance efficiency and legitimacy, and mechanisms of state-owned enterprises for sustainable growth. Main research content of this project includes:(1)How the plural goverance logic affects the legitimacy of corporate governance of SOEs，board legitimacy, and sustainable growth of state-owned enterprises(effectiveness mechanism)?(2)How the plural goverance logic affects the composition and the power structure of board of directors, and further affects governance efficiency and growth of state-owned enterprises(efficiency mechanism)?(3)How the composition and the power structure of board of directors contingently affect legitimation mechanism of state-owned enterprises, and how the effectiveness and efficiency of governance legitimacy interactively affects sustainable growth of state-owned enterprises? (4)This project explores the influencing factors on the legitimacy extent of board of directors, and the evaluation of the behavior's legitimacy of the board of directors. This project also propose path and policy suggestions on optimizing the efficiency mechanism and behavior's legitimacy of the board of directors of state-owned enterprises. This project helps to answer the goverance logic of state-owned enterprises in the transition, reveal the governance of legalization of state-owned enterprises, and reveal the impact mechanism between the power structure of board of directors, the behavior's legitimacy of the board of directors and sustainable growth of state-owned enterprises.

本项目针对中国国有企业面临市场导向与政府主导并存双重逻辑这一基本现实，探究多元性治理逻辑如何影响国企公司治理合法性和董事会权力结构及组成结构，进而影响董事会治理效率与合法性，以及企业可持续成长的机制。主要内容包括：（1）多元性治理逻辑如何影响国企公司治理合法性获取机制以及董事会合法性，进而影响国企可持续成长(效果机制)？（2）多元性治理逻辑如何影响国企董事会权力结构和组成结构进而影响治理效率和可持续成长（效率机制）？（3）董事会权力结构和组成结构如何权变影响国企公司治理的合法性获取机制，以及合法性产生的效果与治理效率如何互动影响国企可持续成长？（4）探究影响董事会行为及其合法性的因素和程度，董事会行为合法性评价，提出优化国企董事会效率机制和董事会行为合法性的路径与政策建议。研究有助于回答转型期国企治理的逻辑，揭示国企合法化治理以及董事会权力结构、董事会行为合法性与国企可持续成长的影响机理。

本项目针对中国国有企业面临市场导向与政府主导并存双重逻辑这一基本现实，探究多元性治理逻辑如何影响国企公司治理合法性和董事会权力结构及组成结构，进而影响董事会治理效率与合法性，以及企业可持续成长的机制。本项目采用案例分析、数据挖掘、模型构建与求解和实证分析相结合的研究方案，通过理论分析和实证分析相结合的方法，重点检验了：（1）合法性视角下董事会结构与企业可持续成长的关系；（2）董事会监管和激励对经营经营管理的影响；（3）董事会利益均衡行为合法性与企业绩效之间的关系；（4）董事会行为合法性与企业绩效之间的关系；（5）结合国企改革，研究了合法性在国有企业改革中的作用；（6）分析国有企业董事会合法性的影响因素、提升路径、现实阻碍和最优选择的相关问题。本项目的研究成果对于回答转型期国企治理的逻辑，揭示国企合法化治理以及董事会权力结构、董事会行为合法性与国企可持续成长的影响机理具有重要的理论意义；对于企业监管部门和企业大股东设计合理的董事会结构、规范董事会行为，从而有效发挥董事会合法性的正面效果具有重要的实践意义。