The Influence Of Executive Characteristics On The Performance Of Listed Companies

Managers control the most important resource of enterprise, playing a crucial role in corporate management and development. As decision maker and major executer,obviously, it is very significant. On the basis of upper echelons theory, demography will affect managers cognitive base and value preference, thus impacting their behaviors. The remuneration incentive system aimed to managers will effectively reduce the agency cost,making them service for corporations better. Therefore,the study on demography and incentive restrain features is greatly meaningful to company performance.Paper is based on higher order theory and principal-agent theory, the distinction on the basis of property companies nature, systematic analyse the demographic characteristics of the mechanism of state-owned listed companies and non-state-owned listed company executives and incentive effects on corporate performance characteristics, and put forward the hypothesis; after selecting the relevant variables, according to the study hypothesis to establish a regression model. First, using SPSS23.0 statistical software analyse 2012-2014 under the influence of the different characteristics of the overall sample of executives on corporate performance, and then follow the different nature of the property will be divided into two groups of state and nonstate sample descriptive statistics, correlation analysis and research hypotheses empirical comparative analysis of different executives of state-owned and non-state-owned listed companies characterized the impact on corporate performance. The company in order to solve the different nature of property rights in the selection of executive compensation incentive system and improve the corporate governance structure optimization problems encountered, especially top management to assume the functions of chairman and general manager for corporate managers in our company training, selection and term management provides an important and useful reference guide to help companies develop appropriate strategic decisions in order to improve their overall competitiveness.The result shows that in state-owned companies, there is an obviously positive correlation between managers’ age,degre,tenure,government background,remuneration and corporate performance. In the non-listed state-owned enterprises, expect of age, the correlation between all the other factors and enterprise performance is consistent with the state-owned enterpeises; and the state-owned and non-state performance of listed companies have a positive effect manager qualifications, term of office, as well as government-pay features, its impact on the business performance of another difference.Finally,according to the research conclusion, the article put forward relevant countermeasures and suggestions.