张俭,殷娜①.论上市公司高管异常变更对公司业绩的影响——来自中国上市公司的经验证据[J].,2013,14(2):49-55 |
论上市公司高管异常变更对公司业绩的影响——来自中国上市公司的经验证据 |
The Effect of Executives Abnormal Turnover on Firm Performance——Based on empirical evidence of listed companies |
投稿时间:2013-02-27 |
DOI: |
中文关键词: 上市公司 高管 异常变更 公司业绩 |
English Keywords:listed companies executives abnormal turnover firm performance |
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中文摘要: |
文章以我国2006—2011年上市公司为样本,实证分析了上市公司高管异常变更与公司业绩的关系。研究发现,上市公司的高管异常变更后,公司业绩下降。进一步研究发现,上半年高管发生变更的公司,其变更后业绩均有下降;下半年高管发生变更的公司,短期业绩有所提高,但长期业绩却依然下降。 |
English Summary: |
We analyse the relationship between the executives abnormal turnover and firm performance based on the data of 2006—2008 listed companies.We find that there are negative relations between firm performance and the executives abnormal turnover. Further study found that the firm performance were decreased when the executives turnover took up in the first half year. When the executives turnover took up in the second half year, the short term firm performance took increased,but the long term firm performance took decreased. |
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