公司经营绩效影响高管变更吗——来自地方国有上市公司的证据和启示被引量：21

Can Top Managements' Turnover be Influenced by Firms' Performance——Evidence From China's Local SOEs

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摘要以2000-2010年的地方国有上市公司为样本,本文研究国企高管变更的决定因素。结果发现,如果上市公司的经营业绩相对较差,则其高管发生变更的可能性较大。更为重要的是,在市场化程度较高的地区,高管变更对经营业绩的敏感性更高。这说明,经营业绩已经成为考核国企领导人的重要决定因素,该结论对研究中国经理人市场和国有企业公司治理问题具有重要的启示意义。 We study the local SOEs＇ top managements＇ turnover in China, using the sample from 2000-2010. We find a significant negative relationship between top managements＇ turnover rate and firms＇ operating performance, especially in regions with higher degree of marketization after controlling for other potential factors. This indicates that firms＇ operating performance is the main factor for local SOEs＇ top managements＇ turnover. Therefore it has some policy implications for manager＇s labor market and corporate governance reform in China,

作者冯旭南李心愉

机构地区上海大学管理学院北京大学经济学院

出处《管理评论》 CSSCI 北大核心 2012年第12期166-173,共8页 Management Review

基金上海大学文科基金项目(10-0129-12-001)

关键词高管变更公司治理国企改革经理人市场 management turnover, corporate governance, SOE reform

分类号 F272.92 [经济管理—企业管理] F832.51 [经济管理—金融学] F224 [经济管理—国民经济]

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参考文献15

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