旅游上市公司治理結構對其成長性影響的實證研究
發(fā)布時間：2019-04-03 12:07
【摘要】：黨的十八屆三中全會明確提出的國有企業(yè)改革政策給旅游上市公司的發(fā)展帶來了機遇。同時，《旅游法》、“八項規(guī)定”、“六項禁令”出臺，也給旅游企業(yè)帶來較大的影響。在挑戰(zhàn)和機遇并存的背景下，以旅游上市公司的治理結構為切入點，研究與分析如何通過調(diào)整公司治理結構保證旅游企業(yè)更好地發(fā)展，具有重要的現(xiàn)實意義。 本文采用實證研究和規(guī)范研究相結合的方法，通過使用數(shù)據(jù)統(tǒng)計研究工具來研究公司治理結構對旅游企業(yè)成長性的影響。在理論研究方面，將定性闡述和數(shù)理推斷結合起來，便于提出假設和分析回歸結果。在實證研究中，采用描述性統(tǒng)計分析和回歸分析等統(tǒng)計方法來展開實證分析，得出的研究結論有：（1）股權集中度與旅游上市公司成長性呈負相關關系，第一大股東主業(yè)不是旅游性的企業(yè)相對于第一大股東主業(yè)為旅游性質的企業(yè)來說成長性會更好，會給企業(yè)帶來更好的成長性；（2）董事會規(guī)模與企業(yè)成長性呈倒U型關系；（3）獨立董事比例與旅游上市公司成長性之間的關系并不顯著；（4）高管薪酬對企業(yè)成長性沒有顯著的影響；（5）高管持股對企業(yè)成長性有顯著的正面影響；（6）開發(fā)技術人員比例的多少對企業(yè)的成長性有顯著的正面影響。第六部分是針對實證分析結果提出的建議，以及論文的不足和展望。 本文探討了公司治理結構對旅游上市公司成長性的影響，，尤其是將旅游業(yè)納入企業(yè)成長性分析，并重新擬定了股權性質劃分標準，分析了第一大股東的從業(yè)背景對旅游上市公司成長性的影響；研究角度較為新穎。同時，結合旅游產(chǎn)品的特殊性，通過旅游開發(fā)技術人員與員工總數(shù)的比例分析企業(yè)的員工結構，衡量旅游資源、旅游文化、旅游線路的開發(fā)情況，將其納入自變量，分析其對旅游企業(yè)成長性的影響具有新意。
[Abstract]:The reform policy of state-owned enterprises clearly put forward by the third Plenary session of the 18th CPC Central Committee brings opportunities for the development of tourism listed companies. At the same time, Tourism Law, "eight regulations", "six prohibitions" issued, but also brought a greater impact on tourism enterprises. Under the background of the co-existence of challenges and opportunities, it is of great practical significance to study and analyze how to ensure the better development of tourism enterprises by adjusting the corporate governance structure, taking the governance structure of listed tourism companies as the starting point. In this paper, a combination of empirical research and normative research is used to study the influence of corporate governance structure on the growth of tourism enterprises through the use of statistical data research tools to study the impact of corporate governance structure on the growth of tourism enterprises. In the aspect of theoretical research, qualitative exposition and mathematical inference are combined to make assumptions and analyze regression results easily. In the empirical study, descriptive statistical analysis and regression analysis are used to carry out the empirical analysis. The conclusions are as follows: (1) the ownership concentration is negatively correlated with the growth of listed tourism companies, and the research results are as follows: (1) there is a negative correlation between ownership concentration and the growth of listed tourism companies. The main business of the first shareholder is not tourism. Compared with the main business of tourism, the growth of the first largest shareholder will be better, and it will bring better growth to the enterprise. (2) the relationship between board size and corporate growth is inverted U-shape; (3) the relationship between the proportion of independent directors and the growth of tourism listed companies is not significant; (4) the executive compensation has no significant effect on the growth of enterprises; (5) Executive shareholding has a significant positive impact on the growth of enterprises, and (6) the proportion of developers and technicians has a significant positive impact on the growth of enterprises. The sixth part is based on the empirical analysis of the results of the recommendations, as well as the shortcomings and prospects of the paper. This paper discusses the influence of corporate governance structure on the growth of listed tourism companies, especially the inclusion of tourism into the growth analysis of enterprises, and redraws the criteria for dividing the nature of equity. This paper analyzes the influence of the background of the largest shareholder on the growth of tourism listed companies. The research angle is new. At the same time, according to the particularity of tourism products, this paper analyzes the staff structure of the enterprise through the ratio of tourism development technicians to the total number of employees, measures the development of tourism resources, tourism culture and tourism routes, and puts it into the independent variable. Analysis of its impact on the growth of tourism enterprises has a new meaning.
【學位授予單位】：重慶理工大學
【學位級別】：碩士
【學位授予年份】：2014
【分類號】：F592.6;F271
本文編號：2453197
[Abstract]:The reform policy of state-owned enterprises clearly put forward by the third Plenary session of the 18th CPC Central Committee brings opportunities for the development of tourism listed companies. At the same time, Tourism Law, "eight regulations", "six prohibitions" issued, but also brought a greater impact on tourism enterprises. Under the background of the co-existence of challenges and opportunities, it is of great practical significance to study and analyze how to ensure the better development of tourism enterprises by adjusting the corporate governance structure, taking the governance structure of listed tourism companies as the starting point. In this paper, a combination of empirical research and normative research is used to study the influence of corporate governance structure on the growth of tourism enterprises through the use of statistical data research tools to study the impact of corporate governance structure on the growth of tourism enterprises. In the aspect of theoretical research, qualitative exposition and mathematical inference are combined to make assumptions and analyze regression results easily. In the empirical study, descriptive statistical analysis and regression analysis are used to carry out the empirical analysis. The conclusions are as follows: (1) the ownership concentration is negatively correlated with the growth of listed tourism companies, and the research results are as follows: (1) there is a negative correlation between ownership concentration and the growth of listed tourism companies. The main business of the first shareholder is not tourism. Compared with the main business of tourism, the growth of the first largest shareholder will be better, and it will bring better growth to the enterprise. (2) the relationship between board size and corporate growth is inverted U-shape; (3) the relationship between the proportion of independent directors and the growth of tourism listed companies is not significant; (4) the executive compensation has no significant effect on the growth of enterprises; (5) Executive shareholding has a significant positive impact on the growth of enterprises, and (6) the proportion of developers and technicians has a significant positive impact on the growth of enterprises. The sixth part is based on the empirical analysis of the results of the recommendations, as well as the shortcomings and prospects of the paper. This paper discusses the influence of corporate governance structure on the growth of listed tourism companies, especially the inclusion of tourism into the growth analysis of enterprises, and redraws the criteria for dividing the nature of equity. This paper analyzes the influence of the background of the largest shareholder on the growth of tourism listed companies. The research angle is new. At the same time, according to the particularity of tourism products, this paper analyzes the staff structure of the enterprise through the ratio of tourism development technicians to the total number of employees, measures the development of tourism resources, tourism culture and tourism routes, and puts it into the independent variable. Analysis of its impact on the growth of tourism enterprises has a new meaning.
【學位授予單位】：重慶理工大學
【學位級別】：碩士
【學位授予年份】：2014
【分類號】：F592.6;F271
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