本文运用随机前沿分析模型(SFA)分析了中国企业监事会建设对企业效率的影响。研究发现当前监事会规模对企业效率的提高有负面影响,而提高监事会成员的“质量”则有利于企业效率的提高;研究结果进一步表明当前监事会建设的重点是适当减少监事会的规模,提高监事会成员的教育水平,吸引有丰富相关工作经验及国际视野的人士加入企业监事会。
By taking the samples of listed companies in the industry of IT and the industry of transportation & warehousing, the authors of this paper set up a stochastic frontier model to conduct an empirical study on how the construction of supervisor board has affected the efficiency of these listed companies. The results of empirical study indicate that the size expansion on the supervisor board in Chinese enterprises will lead to an negative firm efficiency, while the improved quality of the supervisory board members may well bring about benefits to the firm's efficiency. It is also indicated in our study that the constructions of supervisory board at present stage should not be focused on the size expansion but on the improvement of their education standard of these members, one important means of which is to absorb members who are well - experienced and who have the global perspectives to join the supervisory board.