财经理论与实践2016，Vol.37Issue(4)：37-43,7.
上市公司高管腐败对经营业绩的危害及鉴证研究
Study on the Damage to the Listed Company's Operating Performance Resulted from the Executives'Corruption and Its Verification
摘要
Abstract
The author selects 49 quoted companies with executives'corruption and another 49 without corruption respectively as relevant comparison samples during the year of 2013 and 2014, and puts binary logistic regression models and multiple linear regression models to use.The em-pirical research concludes that the damage to operating performance caused by executives'corrup-tion is so dramatic.In addition,executives'corruption has a marked positive correlation with CEOs'power intensity,equity dispersion and stock liquidity,and a weaker one with board size and the proportion of independent directors.while,has a dramatic negative correlation with equi-ty balance degree and a weaker one with equity concentration,DIRCS and CEOs'relative remu-neration.关键词
高管腐败/经营业绩/CEO控制权/公司治理Key words
(Senior)executives'corruption/Operating performance/CEOs'power/Corporate governance分类
管理科学引用本文复制引用
胡振兴..上市公司高管腐败对经营业绩的危害及鉴证研究[J].财经理论与实践,2016,37(4):37-43,7.基金项目
河南省哲学社会科学规划项目(2015BJJ008) （2015BJJ008）
