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零售業(yè)上市公司高管團(tuán)隊(duì)特征對(duì)盈利能力的影響研究

發(fā)布時(shí)間:2018-04-21 01:30

  本文選題:高管團(tuán)隊(duì) + 零售業(yè) ; 參考:《湘潭大學(xué)》2017年碩士論文


【摘要】:作為公司最重要的人力資本,高管團(tuán)隊(duì)特征一直受到學(xué)術(shù)界的關(guān)注。我國零售業(yè)雖然興起的時(shí)間比較長(zhǎng),發(fā)展也比較成熟,但是隨著經(jīng)濟(jì)環(huán)境的日益復(fù)雜,目前零售業(yè)的發(fā)展也存在著一些問題,如高管團(tuán)隊(duì)的構(gòu)成結(jié)構(gòu)和管理機(jī)制還不夠完善等。高管團(tuán)隊(duì)的結(jié)構(gòu)和團(tuán)隊(duì)間機(jī)制的設(shè)計(jì)是否合理,往往直接影響著企業(yè)的績(jī)效。因此,準(zhǔn)確認(rèn)識(shí)高管團(tuán)隊(duì)特征對(duì)零售業(yè)上市公司盈利能力的影響,對(duì)促進(jìn)零售業(yè)的進(jìn)一步發(fā)展具有非常重要的意義。論文以零售業(yè)上市公司為研究對(duì)象,采用文獻(xiàn)研究和實(shí)證分析相結(jié)合的方法,對(duì)高管團(tuán)隊(duì)特征與公司盈利能力的關(guān)系進(jìn)行研究。在人力資本理論、高層梯隊(duì)理論、委托代理理論和盈利能力理論等理論的指導(dǎo)下,論文選取高管團(tuán)隊(duì)的背景特征(年齡、教育背景、任期)和激勵(lì)特征(薪酬水平、持股比例)兩個(gè)方面的五個(gè)指標(biāo)作為解釋變量,現(xiàn)金流量?jī)纛~/營業(yè)支出、公司總資產(chǎn)、總資產(chǎn)周轉(zhuǎn)率、營業(yè)收入增長(zhǎng)率、有形資產(chǎn)比率等作為控制變量,用因子分析法提取綜合盈利能力指標(biāo)作為被解釋變量,借助統(tǒng)計(jì)分析軟件SPSS18.0對(duì)2011-2015年所選的365個(gè)樣本數(shù)據(jù)進(jìn)行實(shí)證研究。實(shí)證結(jié)果表明:(1)高管團(tuán)隊(duì)特征中年齡均值與公司盈利能力存在顯著的正相關(guān)關(guān)系;(2)高管團(tuán)隊(duì)特征中教育背景均值與公司盈利能力存在顯著的正相關(guān)關(guān)系;(3)高管團(tuán)隊(duì)特征中任期均值與公司盈利能力存在顯著的正相關(guān)關(guān)系;(4)高管團(tuán)隊(duì)特征中薪酬水平與公司盈利能力存在顯著的正相關(guān)關(guān)系;(5)高管團(tuán)隊(duì)特征中持股比例與公司盈利能力的相關(guān)性不顯著。最后,基于論文的實(shí)證結(jié)果,論文進(jìn)行具體的探討和分析,并結(jié)合我國零售業(yè)上市公司的實(shí)際情況,提出三點(diǎn)對(duì)策建議:第一,優(yōu)化高管人員的選拔標(biāo)準(zhǔn);第二,提高高管團(tuán)隊(duì)的內(nèi)部運(yùn)作效率;第三,優(yōu)化高管團(tuán)隊(duì)的激勵(lì)機(jī)制。論文可為我國零售業(yè)上市公司優(yōu)化高管團(tuán)隊(duì)結(jié)構(gòu)進(jìn)而增強(qiáng)盈利能力提供經(jīng)驗(yàn)數(shù)據(jù),對(duì)促進(jìn)我國零售業(yè)上市公司的整體發(fā)展具有指導(dǎo)價(jià)值。
[Abstract]:As the most important human capital of the company, the characteristics of the executive team have been concerned by the academic community. Although the retail industry of our country has been rising for a long time and its development is more mature, with the increasing complexity of the economic environment, there are some problems in the development of the retail industry at present, such as the structure of the executive team and the management mechanism are not perfect enough, and so on. Whether the structure of the executive team and the design of the inter-team mechanism are reasonable often directly affect the performance of the enterprise. Therefore, it is of great significance to understand exactly the influence of the characteristics of executive team on the profitability of the listed companies in retail industry and to promote the further development of the retail industry. This paper takes the retail listed companies as the research object, using the method of literature research and empirical analysis, to study the relationship between the characteristics of the executive team and the profitability of the company. Under the guidance of human capital theory, high-level echelon theory, principal-agent theory and profitability theory, the paper selects the background characteristics (age, education background, tenure) and incentive characteristics (salary level) of the executive team. The five indicators in two aspects are taken as explanatory variables: net cash flow / operating expenses, total assets, turnover ratio of total assets, growth rate of operating income, ratio of tangible assets, etc. The factor analysis method is used to extract the comprehensive profitability index as the explanatory variable, and the 365 sample data selected from 2011-2015 are empirically studied with the help of the statistical analysis software SPSS18.0. The empirical results show that there is a significant positive correlation between the average age and the profitability of the company in the characteristics of the executive team. (2) there is a significant positive correlation between the average educational background in the characteristics of the executive team and the profitability of the company. There is a significant positive correlation between the average term of tenure and the profitability of the company in the team characteristics. (4) there is a significant positive correlation between the salary level and the profitability of the company in the characteristics of the executive team. The correlation of profit ability is not significant. Finally, based on the empirical results of the paper, the paper makes a specific discussion and analysis, and combined with the actual situation of China's retail listed companies, put forward three countermeasures: first, optimize the selection criteria of senior executives; second, Improve the efficiency of the internal operation of the executive team; third, optimize the incentive mechanism of the executive team. This paper can provide empirical data for China's retail listed companies to optimize the structure of the executive team and enhance their profitability. It is of guiding value to promote the overall development of the listed retail companies in China.
【學(xué)位授予單位】:湘潭大學(xué)
【學(xué)位級(jí)別】:碩士
【學(xué)位授予年份】:2017
【分類號(hào)】:F832.51;F272.91

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