经理人权没力强度与公司业绩的关系-金融工程管理专业毕业论文.docx

优秀毕业论文 精品参考文献资料 A b A b s tr a c t M anagers p ow er refers to th e degree o f in fluence from ind iv id ualw illof com pan y m anagers(inclu d ing gen eral m anager,president an d C E O ) o n the w hole decision-m ak ers,w h ich in d icates h is o r h er ab ility in in fluen cing th e com p any s strategic d ecision m akin g .C E O s pow er has great im pact o n perfo rm ance o f corp orate. In g eneral,th e m o re p ow er a C E O has，th e less interferen ce he or sh e w ill face in th e d aily m an agem en t decision s,th en the m ore p o ssible for the com p an y to have extrem e perform an ce valu e.B ased on th e above an alysis，this article exp lored the relation ship b etw een C E O s p ow er an d corp orate p erform an ce o f listed com p an ies in C hina m arket b y em piricaltest m etho d . In th is p aper,I rev iew ed th e related literatures.B ased o n th e present research ,I classify th e C E O pow er u sing com p an y grow th theory,p rin cipal-ag ent theory an d m an agerial p o w er th eo ry .In th is p ap er，I ex p lain s th e m easu rem en t o f C E O p ow er an d h ow to m ix com preh en sive pow er in dex .B ased on th e ex isted literature,I analyzed th e po ssible influence on corp orate p erform ance fro m C E O s pow er,and in corp orated the equity p rop erties and externaltreatm ent en v ironm ent as ex p lanatory factors.B ased on th e ex isted th eory an d analy sis,I p u t fo rw ard m y h yp oth esis afterw ard .A ccord in g to the hyp oth esis,I con stru cted relevan t m odels to testthe relation sh ip betw een corp orate perform ance and C E O s p ow er.I selected 4 68 firm s w h ich are listed o n S h en zh en stock m ark et or sh angh ai stock m ark et from 2 00 5 to 2 0 10 as sam p le to stu dy th e relatio n sh ip betw een C E O p ow er an d co rp o rate perform an ce lev el an d perform ance vo latility.A ccord ing to th e em p iricaltests，I fou nd the follow ing resu lts.F irstly,there is a