Executives Of Listed Companies The Study On The Relationship Between The Ethical Behavior And Corporate Financial Performance

Along with our country market economy development, many enterprises in the crucial period of transition, but due to the relevant laws and regulations system is not sound, the executives of ethical behavior. In the 1950 s, foreign scholars began to study the ethical behavior of managers, and executives of ethical behavior, on the other hand, executives of ethical behavior research is relatively slow; Most of the literature, just to mention executives of performance, ethical behavior and the reasons causing these ethical behavior and influence factors, there are few executives of listed companies the ethical behavior: an empirical study of relationship between corporate financial performance.In this paper, signaling theory and moral cognitive theory as the theoretical basis,the unethical behavior of corporate executives is divided into four dimensions,motherboard company executives of listed non-ethical behavior impact the business performance of the relevant research, which in the enterprise Ethical analysis on the basis of executives and more closer to commercial reality.In this paper, 2011--2013 in Shanghai Stock Exchange and Shenzhen Stock Exchange-listed by China Securities Regulatory Commission and newspaper executives appear to disclose unethical conduct business for the study, the final study sample was selected 235, is disclosed executives of listed companies a total of 518non-ethical behavior by descriptive statistics and regression results show that: impact(1) examine the ethical behavior of non-listed companies executives on current financial performance, the unethical behavior of executives of listed companies in which corruption(ROT), financial fraud(FF) behavior of the enterprise’s current financial performance is a significant negative impact, dishonesty(DISHONESTY)behavior of the current financial performance of the negative impact was not significant; moral managers unethical behavior(corruption and financial fraud) thanmorality people(egoism and dishonesty) the extent of the financial performance of deep negative impact.(2) examine the ethical conduct of the non-listed company executives when the delayed impact of a financial performance, ethical behavior of non-executives of listed companies in which corruption(ROT), financial fraud(FF)and dishonesty(DISHONESTY) hysteresis behavior financial performance has a significant negative impact; view of the adverse impact of the non-listed company executives ethical behavior of corporate finance, enterprises should pay attention to high ethical tube construction, especially the construction of a clean government and their own moral quality to minimize these non-ethical behavior occurs, to avoid a negative impact on the financial performance.