An Empirical Study Of The Relationship Between The Financial Performance And The Operator Performance

The evaluation of enterprise performance and operator performance has become the important parts in management activities. On the basis of the discrimination between financial performance and operator performance, the thesis puts a deep research into the relationship between the financial performance and the operator performance in listed company according to the empirical study theories and methods, and attempts to reflect the contribution by operator's capacity and level of efforts for promoting the performance level based on the perspective of all stakeholders.First of all, the thesis explaines the connotation,the essence and the similarity and difference of the financial performance and the operator performance in listed companies. Moreover, it theoretically researches the relationship between the financial performance and the operator performance, and assumes that the operator performance are highly positively related to financial performance. Secondly, the promotion of financial performance mainly relies on the improvement, the thesis intends to explain the relationship between the operator's contribution to all stakeholders and the financial performance, by constructing empirical model of the financial performance and the operator performance we obtain the conclusion as:the progress indicators of total asset cycling ration re highly positively related to financial performance,the progress indicators of sales profit ration are highly positively related to financial performance, the progress indicators of net cash assets ration re highly positively related to financial performance, the rate of employees revenue growth re highly positively related to financial performance, the rate of tax payment growth has no correlation with financial performance, the rate of employment growth has no correlation with financial performance, then the thesis analyzes a deeper reason out of the result. In a word, there is no stable relationship between financial performance and the operator performance, so the conlusion is not consistent entirely with the assumptions. Finally, on the basis of distinction between the financial performance and the operator performance, by establishing the effective link between financial performance and the operator performance, promoting the cnotrollable factor of operator performance, the financial performance in listed company could get improvement and the company could get development persistent.The methods used in the thesis are empirical study and comparative study. By establishing empirical model, collecting the data of 120 listed companies for 3 years, the thesis analyzes the relationship between the financial performance and the operator performance with empirical method. With comparative study, the thesis analyzes comparatively the mutual influence of the financial performance and the operator performance, the similarities and differences between owners and operators in the aspects of defining goals. This thesis also reveals the differences between that two performances, and contrasts the results of empirical study to assumptions to find the deep-seated causes leading to such empirical results.