CEO权力影响中国上市商业银行绩效了吗?

Does CEO Power Have Influence on the Performance of Chinese Listed Commercial Banks?

CEO是公司治理架构的重要组成部分,CEO决策权力会对企业经营活动产生深远的影响。笔者在理论分析的基础上,丰富了CEO权力的内涵,将CEO权力分为四个维度,并就CEO权力对商业银行绩效的影响分别展开了实证研究。实证研究发现,CEO的所有权权力和专家权力与银行绩效显著正相关;CEO结构性权力与银行绩效的关系需要CEO政治关联的调节作用方能显著体现,且CEO政治关联能够正向调节两者关系;与此同时,CEO政治关联也能正向调节CEO专家权力与银行绩效之间的正相关关系。根据研究结论,笔者提出了将CEO权力纳入银行绩效考察范围、对CEO进行适当激励,并稳定CEO预期,发挥其政治关联的资源效用,实现激励约束相容等建议。

As the important part of corporate governance structure,CEO power has a profound influence on the business operation.Based on theoretical analysis,the paper enriches the contents of CEO power,intends to explore CEO power in four dimensions,and empirically analyze the effects of CEO power on bank performance.The main conclusions are as follows.The ownership power and expert power of the CEO are positively correlated with the bank performance.The relationship between CEO s structural power and bank performance requires the adjustment role of CEO s political association to be significantly reflected,and the CEO political association can positively regulate the relationship between CEO s structural power and bank perfor-mance.At the same time,the CEO political association can also adjust the positive correlation between the expert power of the CEO and the bank performance.According to the conclusion,the paper puts forward to the countermeasures of combining CEO power into the consideration of banks performance,having suitable incentives to CEOs,so as to stabilizing CEOs expectation and enlarging their resources of political association to realize the compatibility of incentives and constraints.