高管团队异质性、CEO权力与企业成本粘性的实证分析
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引用本文:黄 蕾.高管团队异质性、CEO权力与企业成本粘性的实证分析[J].财经理论与实践,2019,(4):72-80
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作者单位
黄 蕾 (江西财经大学 会计学院,江西 南昌 330013) 
中文摘要:企业成本粘性正成为实证会计领域一个重要关注的话题,过高的企业成本粘性不利于企业价值极大化。以我国上市公司为样本,对高管特质、CEO权力与成本粘性间的关系进行实证分析。研究发现:团队年龄异质性、教育水平异质性、任期异质性会显著增加企业成本,但专业背景异质性有利于降低企业成本;在考虑CEO权力后,CEO权力的扩大有利于协调高管团队意见,降低成本;其在与高管特质四大因素交互后,团队年龄异质性、教育水平异质性、任期异质性、专业背景异质性受到了削弱或强化。要降低企业的成本粘性,应多注意团队成员的年龄差异、高管的受教育水平、任期以及团队的专业背景;同时也要重视对CEO的赋权,除重视与考察其个人履历与能力外,还应通过契约的方式赋予其管理企业更合适的权力。
中文关键词:高管团队异质性  CEO权力  企业成本粘性
 
An Empirical Analysis on Heterogeneity of Executive Team, CEO Power and Enterprise Cost Stickiness
Abstract:Cost stickiness is an important research topic in the field of management accounting, and too high cost stickiness is not good for enterprise to realize profit maximization. This paper takes Chinese listed companies as samples, analyzes the relationship between executive traits and cost stickiness. It also verifies whether the expansion of CEO rights reinforces or weakens the relationship between executive traits and cost stickiness. The empirical results show that team age heterogeneity, education level heterogeneity, tenure heterogeneity will significantly increase the cost of the company, but differences in professional background help to reduce costs. After considering the powers of CEO,the expansion of CEO really helps to coordinate executive team opinion and cut the cost. After interacting with the top four factors, team age heterogeneity, education level heterogeneity, tenure heterogeneity, professional background heterogeneity have been weakened or strengthened. From a policy perspective, to reduce cost stickiness, we need pay more attention to the age of the team members, the education level of the senior executive, the tenure and the professional background of the team. We should also attach importance to the empowerment of CEO. In the selection of CEO, we should attach importance to and examine their personal experience and ability at the same time, to give them more appropriate powers to manage the business by way of a contract.
keywords:Senior management team heterogeneity  CEO power  Enterprise cost stickiness
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