By using the data of the listed companies in Shanghai and Shenzhen stock market---a share market as a sample from 2003 to 2007 to analyze the relationship between corporation performance and top executive alteration,d...By using the data of the listed companies in Shanghai and Shenzhen stock market---a share market as a sample from 2003 to 2007 to analyze the relationship between corporation performance and top executive alteration,different succession modes get different efficiency.The result shows that:The decline of company performance will cause the top executive turnover,and that the possibility of top executive turnover in non-state-owned listed companies is higher than that of the state-owned companies.In the routine turnover sample,the performance level of the internal succession is better than that of the external succession.In the non-routine turnover sample,the results are reversed.For further analysis,the main sources of the improvement for performance are items of below-the-line and non-recurring profit and loss,rather than the company's operating revenue.展开更多
文摘By using the data of the listed companies in Shanghai and Shenzhen stock market---a share market as a sample from 2003 to 2007 to analyze the relationship between corporation performance and top executive alteration,different succession modes get different efficiency.The result shows that:The decline of company performance will cause the top executive turnover,and that the possibility of top executive turnover in non-state-owned listed companies is higher than that of the state-owned companies.In the routine turnover sample,the performance level of the internal succession is better than that of the external succession.In the non-routine turnover sample,the results are reversed.For further analysis,the main sources of the improvement for performance are items of below-the-line and non-recurring profit and loss,rather than the company's operating revenue.
