管理者人格特征对企业绩效影响效应的实证检验

Empirical Estimation of Effect of Manager ’s Personality on Enterprise Performance

在具备相似的宏观经济背景和显性人力资本的前提下,不同企业的经营绩效差异是否源于企业管理者的人格特征？现有文献尚未给出实证证据。基于此,文章用中国企业-劳动力匹配调查的数据,选取了管理者开放性人格特征为切入点,采用OLS回归模型对管理者人格特征与企业绩效之间的关系进行实证研究。回归结果发现,管理者开放性人格特征对提高企业绩效有显著的正向促进作用。运用风险偏好作为开放性的替代变量,依然存在上述效应。管理者个人应重视自身以开放性为代表的创新性人格特征,努力提升自身在劳动力市场的竞争力;企业应关注管理者人格特征在企业绩效增长中的作用,在选用管理者时应适当考察企业管理者的创新精神。

Under the similar macroeconomic background and explicit human capital in the new normal state, Chinese enter- prises performance is different, but the existing literature does not provide solid evidence about whether or not this difference origi- nates in the different personalities of enterprise managers, on the basis of which this paper uses the data of Chinese enterprises-la- bor survey to select the openness personality characteristics of managers as an entry point, and uses OLS regression model to study the relationship between manager personality and corporate performance. The regression result shows that the managers＇ openness personality has a positive effect on improving the performance of enterprises. The paper still finds the same effect when risk prefer- ence is used as an open substitute variable. Therefore, the managers themselves are advised to pay attention to the innovative per- sonality characteristics represented by openness and strive to enhance their competitiveness in the labor market and the enterpris- es should keep a watchful eye on the role managers＇ personality traits play in increasing the corporate performance. And further- more, the entrepreneurial creativity and innovative spirit should be given an appropriate examination in selecting managers.