高管背景特征与企业绩效关系实证研究

季健

高管背景特征与企业绩效关系实证研究

引用本文：季健.高管背景特征与企业绩效关系实证研究[J].财经理论与实践,2011,(5):54-59

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作者	单位
季健	(1.河海大学商学院，江苏南京210098 2. 盐城师范学院商学院，江苏盐城224002）

中文摘要:高层管理团队（TMT）背景特征与企业绩效之间的关系引起广泛的关注。以房地产上市公司为例，基于高层管理团队的异质性理论，实证研究了TMT背景特征对公司财务绩效不同指标的影响。并且对不同绩效公司进行分组检验背景特征的影响变化，结果发现，TMT背景特征对不同企业的绩效影响不同，年龄与教育背景多样化程度能提高企业绩效，薪酬水平与企业绩效负相关，其余背景特征对企业绩效并无显著影响，不同绩效分组的影响因素也不同。最后据此提出了针对性的政策建议。

中文关键词:高层管理团队企业绩效背景特征

Empirical Research on the Relationship between the Background Characteristics of Top Management Team (TMT) and Firm Performance

Abstract:The relationship between the background of TMT and firm performance is a hot issue. Taking the real estate listed companies as samples, and based on the heterogeneity theory of TMT, empirical research is done to find the impact from the background of TMT to firm performance with the firms being grouped by different performance. Results show that different characteristics have different impacts on firm performance. The diversity of age and education background has a positive influence to firm performance, while salary level is negatively related to firm performance. No significant relationships are found with other characteristics. Then the corresponding policy recommendations are provided in the paper.

keywords:TMT Firm performance Background characteristics

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