Ethics Of Professional Managers On The Business Performance Impact Of Empirical Research

As neo-institutional economics theory, the relationship between business owners and professional managers belongs to the principal agent relationship based on formal contract. The principal agent relationship have many agency problems .That means the agent may not be fully representative principal intent and the agent may pursue personal goals at the expense of the interests of capital owners.The common propose on agency problems is setting more complete contract or increase the liability for breach. From this perspective, researchers may neglect the role of professional managers' ethics on restraining behavior. In fact, in addition to the rigid constraint form based on formal contract, the professional managers moral constraints have become increasingly attracting attention.This study try to set up "concept - conduct - performance" research framework on professional managers ethics, strategic execution and business performance based on ethics perspective. This study choose Taiwan-funded enterprises in China mainland as examples to show the important effect of professional managers ethics on business performance. In the survey, we got 140 examples and analyze the data by SPSS statistical software. We got The following conclusions:1. The professional managers ethics have significant impact on strategic execution. the ethics shows on three dimensions:moral, tust, loyalty. The three dimensions are all have positively correlation with strategic execution.2. The professional managers strategic execution have significant impact on corporate performance. The higher of consensus,cooperative, and controlling level of strategic execution, the better of improvement business performance.3. The strategic execution is the mediator between professional managers ethics and business performance. The professional managers ethics have significant impact on economic performance and cultural performance, but have not significant impact on growth performance.4. The company set up years, the nature of company shares have significant impact on professional managers ethics,strategic execution and performance. The employee numbers and industry have no significan effect on the three variables.