The Research On Social Capital Of Corporate Executives Team, Diversification And Corporate Governance Efficiency

Corporate governance efficiency isone of the core problem about the theoryresearch and practice of management. Hambrick and Mason put forward the theory ofthe enterprise top management team, point out that "enterprise top management teamis the core factor of enterprise development, senior management team is directlyrelated to the efficiency of corporate governance." In Chinese, it is generally acceptedthat people is a combination of social relations. Enterprises obtain long-termdevelopment benefit the good "social relationship", and international multinationalcompanies which invest in China also deeply recognizethe philosophy of "relationshipfirst" in China. Enterprise social capital especially the social capital of the enterprisetop managers has played a vital rolein the enterprise’s development.So this article is precisely based on this background and sociological theory,social capital to enterprise top managers as the breakthrough point to study thestrategy of the enterprise and corporate governance efficiency. This article use threemethods to study, literature research, normative analysis and empirical study.Based onthe public data of37information service enterprisesChinese listedcompanies from2008to2012, using statistical software for various of SPSS21,EVIEWS6.0hypothesis in the empirical analysis, get the following conclusion:1. The information service in Chinese listed company social capitalof seniormanagement team concrete embodiment in the eastern region business executive teamis more dependent on businessnetworks and alumni network of social capital, thecentral and western regions are more rely on the government network, it may berelated to different regional economic development level and ideas are significantcorrelation; Enterprise’s senior management team in state-owned enterprises havemore social capital, this may be the historical factors.After all, the state-ownedenterprises, still maintained links with the government.2. The information service in our country listed company’s social capital ofsenior management team has promoting effect to the enterprise business diversification, but in different areas, there are big differences between enterprises ofdifferent ownership still. Concrete is embodied in the process of diversification of thestate-owned enterprise, TMT team effect of social capital is higher than privateenterprises; Eastern executives less diversification strategy through the social capital,and this phenomenon is more obvious in the Midwest.3. Information service in our country listed company’s senior management teamof social capital for enterprise diversification effect is not obvious. This may have thecharacteristics of information service enterprises, it provides more of a hightechnology content services, regional differences of its business in a broader range oflimit effect is limited.4. Information in our country listed company’s senior management team of socialcapital has a positive role in promoting efficiency in corporate governance, the roleand the place of the district and the correlation of enterprise nature is not very great.5. Information service in our country enterprise executives’ social capital to theenterprise business negative phase of the relationship between diversification andcorporate governance efficiency has positive adjustment. If the enterprise makingbusiness diversification, enterprise executives have more social capital can promotethe efficiency of corporate governance to some extent. This can provide certainreference and helpfor business diversification strategy of listed companies.6. Information service class executives’ geographic diversification and corporategovernance efficiency of the enterprise social capital of the house of relationshipbetween the adjustment effects is not obvious. Information for regional diversity in aservice industry, executives rich social capital is not very good promote to promotethe efficiency of corporate governance.At the end of the article based on the view of the empirical study results, somerationalization, pertinent suggestions are put forward.