房地产上市企业高管团队职能背景对绩效的影响

运用中国房地产上市公司的数据,区分企业短期会计绩效和长期价值成长能力,研究了高管团队职能背景对企业绩效的影响。研究结果表明:对房地产上市公司而言,高管团队职能背景异质性与企业短期会计绩效呈显著正相关关系,对企业长期价值成长能力的影响不大。在3种一般职能背景中,仅支持型职能背景与企业绩效呈显著相关关系,且与企业短期会计绩效呈负相关关系,与长期价值成长能力呈正相关关系。在2种特殊职能背景下,有政府背景的高管与企业长期价值成长能力呈显著正相关关系。

Impact of TMT Functional Background on Firm Performance of Listed Real Estate Enterprise

s:This article focuses on the impact of TMT(Top Management Team)functional background on firm performance of listed real estate enterprise while distinguishing short-term accounting performance from long-term value growth ability. The research result shows that the functions heterogeneity of TMT has a remarkable positive correlativity with short-term accounting performance for listed real estate enterprise and it does not much affect the long-term value growth ability. Among the three general functional background,only the supported functional background has significantly correlated with business performance. The supported functional background has a negative relationship with short-term accounting performance while positive with the long-term value growth ability. The executive who has been worked for the government has a remarkable positive correlativity with long-term value growth ability in the two special functional backgrounds.