我國上市公司管理層持股與公司績效關系的實證分析.pdf

1、Y。1017853江西財經史謦碩士學位論文謄音t中文)巍勇點烹疊煎釜燕羆持然點疊舅?？p熬羞慶?？P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院(系、部)壘熊囊。嗷學科專業(yè)二壘熊囊研究方向烈是薹一堡指導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，豫firstpartisthepreface，inthispartintroducestheresearchbackgroundsignifica

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