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1、西安建筑科技大学硕士学位论文管持股与公司绩效中具有中介作用。本文所研究问题为即将实行高管持股激励机制的创业板上市公司提供了理论参考。关键词:创业板高管持股投资行为公司绩效万方数据西安建筑科技大学硕士学位论文StudyontheRelationshipbetweentheExecutivesShareholdingandCorporatePerformanceofListedCompanies——totheGEMlistedcompaniesastheresearchobjectSpecialty:accoun
2、tingName:ZhangJianweiInstructor:Dr.HuZhenABSTRACTWiththeimprovementofthemodernenterprisemanagementsystem,companyoperationandmanagementmorenormalizationandspecialization,thevastmajorityofthecompanyhiredaspecializedmanagementteamtorunacompany,italsomakestheow
3、nershipandoperationseparatesituationmoreandmorecommon,causingtheprincipal-agentproblemsalsobecomeaprobleminthecorporategovernance.Inordertoalleviatethetworightsseparationandinterestsbroughtbytheinconsistentproblem,companiesneedtoestablishalong-termincentive
4、mechanismtorestraintheoperator.Incentivemechanismofexecutiveshareholdingasakindofcommonlyusedearlyiswidelyusedinforeigncountries.Ourcountryinrecentyearshasbeguntowidelyusedexecutivesshareholdingasincentivemechanism.Scholarsathomeandabroadintermsofexecutives
5、shareholding'sinfluenceonthecompany'sbusinesstomakesomeresearch,andthecurrentresearchresults,fornounifiedexecutivesshareholdingrelationshipwithcorporateperformance,andthemajorityofresearchonthemainboardofthelistedcompany,studyoflistedonthegemcompaniesarefew
6、.Soforthegemcompanieshavetheirowncharacteristics,itsexecutivesshareholdingrelationshipwithcorporateperformancecomplywiththelawsofmainboardlistedcompaniesneedtoberesearched.万方数据西安建筑科技大学硕士学位论文BasedontheGEMlistedcompaniesastheresearchobject,thispaperanalysisth
7、eexecutivesshareholdingimpactoncorporateperformance.Indefiningtheexecutivesshareholdingandcorporateperformanceandinvestmentbehavior,onthebasisofrelatedconcepts,andtherelationshipbetweencorporateperformanceandexecutiveownershiptheoryanalysisandputforwardtheh
8、ypothesis,selectingthegemin2011-2013financialdataoflistedcompaniesasresearchsamples,establishmathematicalmodel,inthemodelselectionreturnontotalassets,managementownership,ownershipconcentrationandequity