Corportions Growth And Executives Shares

In recent years, the study found that China’s stock market exists large holdings of arbitrage phenomenon, and executive positions and occupies very large proportion; Given the company executives shareholding behavior impact on corporate governance structure and corporate performance, based on the2007-2011a-share listed companies for the first time in overweight and underweight change company as the research object, by constructing A growth index, examines the firm growth impact on executives or behavior. The study found that when the higher the expected growth, company executives changes in the shareholding motivation more obvious, and the lower the company growth, executives shareholding motivation less obvious change; At the same time to study the growth of the relationship between the high and low percentage of executive holdings, the study found that growth height and executive holdings negative to the relationship between changes in proportion, but through the grouping, growth in the range of50%～75%in significantly; Also found in the regression analysis of different market segments, while the whole samples was not significant, but in small and medium-sized plate is significant, while in the gem is very significant.To further more detailed growth affect executive holdings is verified. The article also from the executive holdings number of executives in proportion to the number of holdings, the study found that the company growth and changes of the number of executives and the number of executives holding a significant positive relationship, show company executives with asymmetric information and profit motive has universality, executives from deeper verified whether there is any illegal use of information advantages and profit.