CFO与上市公司业绩:一个实证视角
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CFO and Firm Performance:An Empirical Perspective
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    摘要:

    以2005~2007年我国沪市上市公司相关数据为基础,探讨了我国上市公司CFO相关特征变量与公司业绩之间的关联性。研究发现:上市公司股价与CFO性别、任职时间、是否持有股票等特征变量相关;利润总额与CFO年龄、学历、职称、年薪等因素具有统计意义上的相关性;每股收益和净资产收益率指标仅与CFO年薪相关;反映上市公司规模的指标则与CFO性别、年龄、学历、职称、年薪等显著相关。结论对上市公司构建CFO激励与约束相兼容的治理机制具有一定的参考价值。

    Abstract:

    Based on the data of listed companies in China's Shanghai Securities Exchange from 2005 to 2007, discussed the relevance between the CFO characteristic variables and the firms' performance. The study showed that the companies' share prices were related to the variables of CFO's gender, duration, and whether holding shares or not. The statistical significance correlation existed between the company's total profit and the variables of CFO's age, education, job title and salary. However, earnings per share and ROE(return on equity) indicators were only associated with CFO's annual salary. The indicators of company's scale correlated significantly with the variables of CFO's gender, age, education, job title and salary. The study had a certain reference value for listed companies to establish the governance mechanisms to inspire and restrict CFOs compatibly.

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何福田,何福英. CFO与上市公司业绩:一个实证视角[J].湖南工业大学学报,2009,23(4):77-80.

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  • 收稿日期:2009-01-08
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  • 在线发布日期: 2015-09-02
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