Research On The Influence Of Media Supervision On The Reduction Of Senior Executives In Listed Companies

For listed companies,executive action directly affects the price level of listed companies.In recent years,the phenomenon of executives is becoming more common,and often followed,is the cash holdings of listed company executives,this kind of undesirable phenomenon often occurred,caused the attention of investors.At the same time,the negative impact and the huge impact of executive detraction on capital markets are obvious.Media supervision plays an important role in information disclosure as an important way of external governance mechanism.The disclosure of executive subtraction by the media has caused wide public concern,which has brought reputation and public pressure to the company,thus affecting the reduction strategy of senior executives.In the background of this research,this paper uses data from 1,435 listed companies in2014-2016 to verify the impact of this form of external supervision on the abnormal reduction of senior executives.In the course of this study,the author first studies the phenomenon of executive reduction under what background,collates the relevant literature,and finds out the theoretical basis.Subsequently,the concept of executive reduction and media supervision was defined.On the basis of theoretical analysis,the empirical model is constructed and six sub-assumptions of three main assumptions are put forward.Based on correlation analysis and regression analysis,it is concluded that there is a correlation between media supervision and executive reduction for the first hypothesis.The positive correlation between negative reporting and executive reduction was also confirmed through sub-assumptions.Positive reporting is negatively related to executive reduction.For the second main hypothesis,it is also concluded that reports containing senior executive content are related to senior executive reduction,and negative reports on senior executives are negatively related to senior executive reduction;Positive reporting on senior executives is positively correlated with executive reduction.For the third main hypothesis,the same conclusion as hypothesis one is obtained by combining two sub-hypothesis tests.This paper puts forward some suggestions,including the establishment of the credit ratingsystem of the listed companies and the management of the company;Internet media and traditional media can be used together;The state organs have issued relevant policies to increase the supervision of executive reduction;Formulate a special information disclosure system for listed company executives to reduce their holdings;Tax policy may also be considered in the context of control of reductionThis article focuses on the innovation of the research on senior management's reduction in media supervision,and analyzes this element in detail from the aspects of reporting tendency,reporting content and reporting channels,etc.it studies from the perspective of media supervision in an all-round way,making up for the shortcomings of existing research in related fields.It provides a more comprehensive theoretical basis for standardizing the behavior of reducing the senior management of listed companies and protecting the interests of small and medium-sized shareholders of listed companies.