我國(guó)上市公司管理層持股與公司績(jī)效關(guān)系的實(shí)證分析.pdf

1、Y。1017853江西財(cái)經(jīng)史謦碩士學(xué)位論文謄音t中文)巍勇點(diǎn)烹疊煎釜燕羆持然點(diǎn)疊舅?？p熬羞慶。縋寡照盒扭竺音(英文)觚凰懶磊￡A熙b蕊睪鵬鯫量漁l繇她Q￡照、M細(xì)嘲膩砜Q燃暾!|[1艟勇蛹Q；9ll硒黧縋置鯉匭熱熟熊、0、A|I!!嬲曼i暾耍鰳舯聚璺鄹趣sjn￡h溉作者姓名烈掩敷學(xué)院(系、部)壘熊囊。嗷學(xué)科專業(yè)二壘熊囊研究方向烈是薹一堡指導(dǎo)教師盎垡差燕撬二00六年十月AbstractTheseparationofownershipand

2、managementofthemodemcorporationemergethePrincipalagentproblemitcausethattheobjectiveofprincipalandagentisinconsistent口壕ownerneedtoestablishtheincentiveandrestraintmechanismtosuperviseandstimulatetheoperatorbehaviormaketh

3、eirbehavioraccordwitlltheinterestoftheownerSOasteducetheagencycostsFromthepracticeofthewesterncorporationsthemanagerialownershipmechanismwasconsideredoneofeffectivewayssolvingtheproblemItmaketheoperatorbecometheownerther

4、eforcemaketheownerandtheoperatorbenefittobeconsistentInrecentyearsthemanagerialownershipmechanismiSusedbySOmanycompanies邵oneoftheincentivemechanismsinollrcountrythenwhethertheincentivemechanismcanemergetheincentiveeffect

5、whichitshouldhavein0111“countrythiswaitedforthepracticedocimasia弧isarticleisforthepurposeofanalyzingtherelationofthemanagerialownershipandcorporateperformanceaboutlistedcompaniesinourcountryandcarriesontheanalysisfromthr

6、eelevelsThefirstlevelanalyzesiftherearecorrelatedineachother；Thesecondlevelanalyzes“whichisthecause，whichistheresult“；骶攤thirdlevelanalyzesifthey勰correlated。whatrelationisit磷aarticletake743listedcompaniesinOUrcountryastob

7、etheanalysissample，taketheempiricalanalysisaskeyanalysisapproachLookedfromthetheempiricalanalysisresult，betweenthemanagerialownershipandcorporateperformanceaboutlistedcompaniesinonrcountryhasthestrongpositivecorrelation；

8、Tbproportionofthemanagerialownershipdecidescorporateperformancecorporatep管南旺na玨∞Callnotdecidetheproportionofthemanagerialownershipandexists‘sectoreffect“Inpresenttheproportionofthemanagerialownershipistoolowinourcountryf

9、arsmallerthantheoptimumproportionthereforelistedcompaniesshouldimprovetheproportionofthemanagerialownershipinourcountryThisarticleisdividedfivepa內(nèi)，豫firstpartisthepreface，inthispartintroducestheresearchbackgroundsignifica

10、nceoftopicandtheliteraturesummary；Thesecondpartistheories，describesthemanagerialownershipandcorporationperformancetheories；Thethirdpartis‘thesampleandthevariable’imainlyintroducesthesampleandthevariableselection；11艙fourt