Study On The Impact Of The Determinants Of Management Quality To Firm Performance

With the advent of the era of knowledge economy, more and more enterprises realize that the essence of knowledge economy is human capital and knowledge accumulation as the main factors of production, which has turned industry competitive emphased in the past to gradually attaches great importance to the internal resources, organizations need to give competitive economic incentives to retain and strengthen high quality human capital.The motivation of this study is to collect more detailed and completed information, using the people-oriented value to create a pointer, discussing the relevance of management quality factors and enterprise performance and to further clarify the foregoing management ability to drive performance and value of the key factors in the market competition degree under different circumstances can play the effect of differences. This research focus on the high order management team, respectively balancing management quality through knowledge and experience of management, structure, economic incentives, the heterogeneity of top management team and other factors to measure the quality management, discussing from different aspects of the composition features of the management team whether to affect management function, and making management quality is different, thus influence performance of the enterprise.The empirical results show that (1) the management of human quality and economic incentives in the highly competitive market conditions are positively related to the enterprise performance.(2) on the structural plane, the structure that company in which executives average tenure is longer and the differences of seniority is big will have better profit performance in a highly competitive market conditions; and hierarchy type structure and CEO of the chairman’s leadership structure is negatively related to the performance significantly.(3) from the market point of view, long term inflexible often occurred in the operation and management team, especially in the highly competitive market conditions to investors due to a lack of innovation in the fear of the future, losing niche and giving negative feedback.Under the condition of the low degree of market competition, the power of CEO is more concentrated, the performance is better whereas on highly competitive market conditions, CEO needs executives to collect information and jointly develop and implement competitive action, increasing positive effect in the performance of the CEO in the management team, and being soften in the highly competitive market conditions,(4) the relation between quality and business performance management is also due to differences among top management team. Improving the power of management team will enforce human management, the ratio of execuitives who have educational background of management,the average tenure of the team in,the leadership of CEO, management link external board of directors and equity incentive incentive efficiency in the operation and management team; while decreasing the ratio of execuitives who have educational background of management, differentiation among seniorities, and effect on performance which the bonus of employees had In addition, senior management team members have high cohesion,not influencing the working efficiency compared with seniority differences.In this case, qualification differences can experience inheritance and new knowledge effect, that is good for the development of future, which is highly appraised by market; Market expectations of a higher level of professional managers will weaken the effect of equity incentive.