EXECUTIVE SHAREHOLDING RATIO REDUNDANT STRUCTURE AND CORPORATE PERFORMANCE

Main Article Content

Xinchang Zhang
Xiaoming He

บทคัดย่อ

Abstract
          With the economic globalization and the reform of market economy system, all industries are facing increasingly fierce market competition. If an enterprise wants to be invincible in the competition, it must ensure the continuous improvement of performance. In this paper, based on the factors of improving corporate performance, the influence of executive shareholding ratio and redundant structure on corporate performance is analyzed. The results show that the shareholding ratio of senior executives is positively correlated with corporate performance, while the redundancy structure is negatively correlated with corporate performance. The possible research contributions of this paper are mainly as follows: 1) The research on the influence of executive shareholding ratio on redundant structure and redundant structure on enterprise performance has been enriched. 2) It provides reference for enterprise management organization redundancy practice. Redundant structure should not be too high. A large redundant structure means a large amount of idle funds and a small amount of funds for investment, which will damage enterprise performance.

Article Details

บท
บทความวิจัย

References

Chen, C. J. & Huang, Y. (2009). Creative workforce density organizational siack andinnovation performance. Journal of Business Research, (4), 411-418. [in Chinese]

Chen, H. L. & Huang, Y. S. (2006). Employee stock ownership and corporate expenditures: evidence from Taiwan s information-technology industry. Pacific Journal of Management, (3), 369-384. [in Chinese]

Chen, J. R., Li, J. & Li, Y. S. (2015). Product Market Competition, Financing Constraints and Organizational Redundancy Structure. Economic and Management Studies, (6), 129-137. [in Chinese]

Fang, R. S., Lu, Z. H., Wang, C. L. & Feng, Y. Q. (2009). Sources and characteristics of different types of redundant resources: an empirical analysis from the perspective of decision-making mode. Prediction, (5), 59-64. [in Chinese]

Jiang, C. Y. & Zhao, S. M. (2004). The relationship between organizational redundancy and performance: Empirical Study on Time Series of Chinese Listed Companies. Management World, (5), 108-115. [in Chinese]

Li, W. A. & Li, H. J. (2006). Ownership structure, executive ownership and corporate performance evidence from private listed companies. Nankai management review, (5), 4-10. [in Chinese]

Li, W. J. & Liu, C. L. (2011). Research on the relationship between redundant resources and corporate performance in the context of economic crisis. Contemporary Economic Science, (5), 89-91. [in Chinese]

Li, X. X. & Liu, C. L. (2010). High liquidity redundant resources or low liquidity redundant resources An Empirical Study on organizational redundancy structure. China’s industrial economy, (7), 94-103. [in Chinese]

Li, Y., Qin, Y. H. & Zhang, X. F. (2011). Corporate property rights, executive background characteristics and investment efficiency. Managing world, (1), 135-144. [in Chinese]

Randall, T., Netessine, S. & Rudi, N. (2006). An empirical examination of the decision to invest in fulfillment capabilities: a study of internet retailers. Management Science, (4), 567-580.

Sharfman, M. P. & Wolf, G. (1988). Antecedents of organizational slack. Academy of Management Review, (4), 601-614.

Tan, J. & Peng, M. (2003). Organizational slack and firm performance during economic transitions: two studies from an emerging economy, Strategic Management Journal, (9), 1249-1264. [In Chinese]

Tao, J. Q. & Jian, L. (2012). Organizational Redundancy, Product Market Competition and Enterprise Performance An Empirical Study Based on Manufacturing Listed Panel Data. Economic and Management Research, (9), 100-106. [in Chinese]

Yi, Y. Q., Liu, Y. & Gu, M. (2018). The relationship between enterprise redundant resources and new product development in Internet context. Journal of xi an jiaotong university (social science edition), (5), 70-77. [in Chinese]

Zhou, R. J., Yang, Z. B. & Li, L. (2010). Correlation between management incentive and business performance: comparison between state-owned and non-state-owned listed companies. Accounting research, (13), 69-75. [in Chinese]

Zou, G. Q. & Ni, C. H. (2010). Organizational Redundancy and Enterprise Performance in Economic Transition: Regulating Role of Institutional Environment. China’s Industrial Economy, (11), 120-129. [in Chinese]