中文摘要：

高管声誉是公司治理研究领域的一个重要议题，近年来累积了诸多有价值的研究成果，但并未取得一致性结论。高管声誉究竟能够给予高管动力，还是成为负担？本文通过对高管声誉及其治理效用研究文献的回顾与梳理，概括了高管声誉内涵界定的贡献观、能力观与综合观三种观点，厘清了影响高管声誉形成的多种因素。继而阐释了有效契约假说与寻租效应假说及其理论基础，并以高管声誉所具有的长期性、约束性、内隐性、易损性等独特属性出发揭示了高管声誉“双刃剑”效用产生的原因，构建了高管声誉效用研究的理论框架。基于此，针对高管声誉对公司绩效、盈余管理、高管报酬、利益相关者行为、公司战略决策、资源获取等因变量的双重效用以及影响其治理效用强弱的情境因素进行了梳理。最后对尚待研究的前沿问题予以展望，以期为后续研究及企业实践提供有益参考。

英文摘要：

Executive reputation is an important issue in the field of corporate governance research. In recent years, many valuable research achievements have been accumulated, but do not reach a consistent conclusion. Will executive reputation be able to give executives power or become a burden？ Based on a literature review of executive reputation and its governance effects, this paper summarizes contribution view, competence view and synthesis view of the concept of executive reputation and clarifies the factors that affect the formation of executive reputation. Secondly it interprets efficient contracting hypothesis and rent extraction hypothesis and their theoretical basis, reveals the causes of the ＂double-edged sword＂ of executive reputation from the perspectives of unique attributes such as long- term nature, binding, implicitness and vulnerability, and constructs the theoretical framework of the utility research of executive reputation. And based on this, this paper analyzes the dual utility of executive reputation on corporate performance, earnings management, executive compensation, stakeholders＇ behavior, corporate strategy decision, corporate resource acquisition and other dependent variables, and the context variables that influence the strength of its governance effect. Finally, it gives a prospect for the outstanding frontier issues in order to provide a useful reference for further research and enterprise practice.