A Study On The Relationship Between The Background Characteristics Of Senior Managers And EVA In Private Companies

Due to the characteristics of Private Listed Companies decided the strategic position of senior managers in the company,senior managers is very important to firm performance and organization development since it takes the mission of establishing and implementing corporate strategies. Research on top management team is also a widely concerned topic by scholars and managers in recent years. In this paper, by studying the relationship between the background characteristics of senior managers and the firm performance in Private Listed Companies, would like to know in our complex social environment, the background characteristics of senior managers on the existence of the impact of firm performance for the future development of enterprises provide empirical evidence and recommendations.Based on the analysis of basic theory and research status on the basis of the Private Listed Companies with 486 samples, under certain assumptions, the use of econometric software, empirical research on the relationship between the background characteristics of senior managers and the EVA, to analyze the background characteristics variable impact on firm performance, associate with Private Listed Companies and culture-specific environment in Chinese stock exchange market, and discuss the implications of the empirical results from cultural, historical and the institutional perspectives.Among them, the background characteristics of senior managers mainly include seven factors: age, educational background, professional background, tenure, equity ratio, salary, research them and the relationship between firm performance, and then based on the interpretation of the results of empirical research.This study shows that the conclusions: The average age of the senior management team with the EVA showed a significant negative correlation, mainly due to the older, it is difficult competitive environment for change to respond quickly to the other because of China's special conditions, the older generation of private enterprise management are mostly low cultural level. Executive team's qualifications and significant relationship between EVA, mainly due to after several years of development, gradually improve China's legal system, knowledge system and update quickly, with high academic qualifications of their own values can be manifested. Long-term, the current executive team of private listed companies have a positive role in the development of domestic enterprises, foreign enterprises than a short time, but also needs a stable and understanding of the management team to lead business development. The financial professional backgrounds of the executives have a significant impact on EVA can be considered to be financing capacity for enterprises, especially the importance of China's private enterprises. And because the characteristics of China's private listed companies as well as related policies, capital market, the remuneration levels of executive team ownership level of EVA and the impact is not significant. This study demonstrates China's private listed companies in special circumstances and special problems and made recommendations for improvement.