| 上市公司CEO变更机制有效性的实证研究 |
| |
| 引用本文： | 蒋荣,刘星.上市公司CEO变更机制有效性的实证研究[J].山西财经大学学报,2007,29(3):62-67. |
| |
| 作者姓名： | 蒋荣 刘星 |
| |
| 作者单位： | 1. 重庆大学,贸易与行政学院,重庆,400044
2. 重庆大学,经济与工商管理学院,重庆,400044 |
| |
| 摘 要： | 我们选择相对操控前业绩（ABROA）刻画公司的真实业绩，通过对CEO变更期间ABROA变化的分析，检验了CEO变更机制的有效性。研究结果表明，上市公司相对操控前业绩变化与CEO非常规变更显著正相关，但与常规变更的正相关关系不显著，这至少说明CEO非常规变更机制是有效的。常规变更与非常规变更的比较表明，竞争是CEO变更机制有效性得以发挥的关键。
|
| 关 键 词： | 上市公司 CEO变更 相对操控前业绩 |
| 文章编号： | 1007-9556(2007)03-0062-06 |
| 修稿时间： | 2007年1月28日 |
An Empirical Analysis of the Efficiency of CEO Alteration Mechanism Based on the Listed Companies of China |
| |
| JIANG Rong,LIU Xing.An Empirical Analysis of the Efficiency of CEO Alteration Mechanism Based on the Listed Companies of China[J].Journal of Shanxi Finance and Economics University,2007,29(3):62-67. |
| |
| Authors: | JIANG Rong LIU Xing |
| |
| Abstract: | The paper selects the adjusted performance before earnings management,then examines the efficiency of CEO alteration mechanism by analyzing the change of the adjusted performance before earnings management during the period of CEO alteration.The paper finds that there is a positive significantly relation between the adjusted performance before earnings management and CEO non-routine alteration,while it is not the same to CEO routine alteration.By comparing non-routine and routine alteration,this paper also finds that competition is the key to the efficiency of CEO alteration mechanism. |
| |
| Keywords: | listed companies CEO alteration relative performance before earnings management |
| 本文献已被 CNKI 维普 万方数据 等数据库收录！ |
