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    ���þ�γ 2014 Issue (3) :97-101
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    The Board Function and the Short-termism of the Administrators: Long-goal Orientation As a Moderator
    WANG Li, XU Zhi-jian
    (Business School, Nanjing University, Nanjing 210093, China)
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Abstract�� Short-termism means managers damage the long-term value to promote short-term performance, which is a common problem and can��t be solved thoroughly. This paper focuses on the effectiveness of the board functions to solve the short-termism problem in China. With 182 companies as samples, using hierarchical regression methods, the empirical results indicate that the monitoring of the board of directors may inspire short-termism and the consulting function can inhibit short-term behavior significantly in the long goal oriented enterprises. The study reveals the mechanism of corporate governance affect short-termism behavior, and suggests Chinese enterprises to solve the problem of insufficient long-term innovation by improving consulting function of the board of directors.
Keywords�� Literatures Analysis Method   The Female   High-level Talents   Career Growth   Career Success   Board Function   Short-termism   Monitoring   Consult   Long-goal Orientation     
�ո����� 2013-05-31; �������� 2014-06-05;
��������:������Ȼ��ѧ������Ŀ(70902006)
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����, ��־��.���»�ְ��������߶���������Ϊ����:��ҵ����Ŀ�굼��ĵ�������[J].  ���þ�γ, 2014,3: 97-101
WANG Li, XU Zhi-jian.The Board Function and the Short-termism of the Administrators: Long-goal Orientation As a Moderator[J]  Economic Survey, 2014,V31(3): 97-101
���ӱ���:  
http://www.jjjw.org/CN/     ��     http://www.jjjw.org/CN/Y2014/V31/I3/97
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