Manager Ability and Corporate Performance：Based on Enterprise Life Cycle

doi:10.16716/j.cnki.65-1030/f.2020.06.004

Abstract

Abstract: This paper takes all mainland China non-financial A-share listed companies from 2010 to 2017 as samples to study the relationship between manager ability and corporate performance.The study found that the manager ability is significantly positively correlated with market performance and financial performance of the company in general. Different stages of enterprise life cycle have a significant impact on the relationship between managers ability and corporate performance, that is, compared with the growth period, the maturity period and the decline period weaken the positive promotion effect of manager ability on corporate performance. When the ownership concentration of a company is high and government intervention is low, the positive promotion effect of manager ability on corporate performance is strong, namely, the performance of manager ability is subject to the level of internal and external governance of the company.

Key words: Manager Ability, Corporate Performance, Corporate Governance, Business Decision Making Behavior of the Company, Enterprise Life Cycle

CLC Number:

F272.91

Yao Xi,Yang Chao,Yao Mengge. Manager Ability and Corporate Performance：Based on Enterprise Life Cycle[J]. Finance & Economics of Xinjiang, 2020, (6): 35-47.

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