上市公司高管更换特征与公司绩效的关系研究  

A Study on the Relationship between the Characteristics of Executive Replacement in Listed Corporations and Corporate Performance

作　　者：林晓璐[1] 

机构地区：[1]广东水利电力职业技术学院经济管理系,广东广州510635

出　　处：《肇庆学院学报》2015年第6期11-15,共5页Journal of Zhaoqing University

摘　　要：利用2000-2011的上市公司数据,系统总结出我国上市公司高管更换的特征:上市公司高管更换呈现出先快速增长后维持高位运行趋势,且上市公司高管任期过短。在此分析的基础上还发现:总体上,未发生高管更换的公司比发生高管更换的公司绩效要好。频繁的高管更换降低了公司绩效。基于企业专用性人力资本理论,系统分析了高管更换影响公司绩效的原因,并给出相应建议。Based on the data of the listed corporations during 2000-2011 in China, the characteristics of executive replacement in these companies are summarized as follows： firstly, executive replacement in listed corporations grows fast at the beginning and maintains on the high level; secondly, executives in listed corporations are in a short term. Through the descriptive statistics we also find that： generally, the company in which executive replacement did not happen has better performance than the company in which replacement happened. Frequent executive replacement reduces the performance. Based on the enterprise specific human capital theory, the reason for frequent executive replacement reducing the performance is analyzed, and some advice is given.

关 键 词：高管更换 专用性人力资本 公司绩效 

分 类 号：F241[经济管理—劳动经济]