CEO Characteristics In The Real Estate Industry And Business Growth Empirical Research

Real estate enterprises as the important component of the estate industry has adirect impact on the healthy development of real estate industry.With the rapiddevelopment of real estate，Housing construction accelerated，The real estate has maderapid development. However，as the introduction of a series of national regulatorypolicies，market competition continues to intensify，the real estate enterprises will faceunprecedented challenges. This put forward higher requirements to senior manager，especially the CEO in gathering，processing and judging information. This article isdesirable to understand that the CEO background characteristics have an impact on thecorporate growth in the complex socio-economic environment by studying therelationship between the CEO characteristics and firm growth. Thus，we providevaluable advice on the development of the real estate enterprise.In this paper，we use a combination of theoretical analysis and empirical testing toanalyze the relationship between the CEO characteristics and corporate growth andestablish theoretical research framework. Then， we select the valuable financialindicators, use factor analysis to establish enterprise growth evaluation system, calculategrowth index according to the Enterprise Growth Theory. Finally，we use empiricalanalysis to confirm the relationship between CEO characteristics and firm growth by91listed companies as the study sample. On this basis，the paper further explores the CEOpolitical connection play an intermediary role in the relationship between the CEO age、tenure、level of education、occupational background and firm growth. The same time，we carry out a comparative study by dividing the overall sample into state-holding andnon-state-owned holding two sub-samples.Conclusion shows that the CEO age，tenure，background，political connection isrelated to firm growth. The relationship between the level of education and businessgrowth is not significant. The CEO age，political association and corporate growth ofstate-holding and non-state-owned holding enterprises show a significant positivecorrelation. However，the CEO tenure，the level of education shows conversely in thestate-holding enterprises. The relationship between the CEO level of education andoccupational background in the non-state-holding enterprises was not significant. TheCEO political connection has a significant mediating effect on the relationship between the CEO age，tenure，occupational background and corporate growth. The intermediaryrole of the CEO political connection had the strongest effect on age. The second item isoccupational background. The last item is tenure.