A Study On The Relationship Between Executive Shareholding And Corporate Performance Of Internet Listed Companies

In recent years,with the continuous development of global economic integration,how to strengthen enterprise management to enhance business efficiency has become an important research topic.In the listed companies in the process of management in developed countries,giving the company executives a certain shareholding ratio has become a common phenomenon.In China,with the continuous development of the split share reform,in the case of the rapid development of market economy,the state encourages the development of enterprises,so as to further promote the global competitiveness of Chinese enterprises.At present,China's listed companies are also gradually implementing equity incentive measures,so that business executives can get a certain degree of incentives,which can better promote the development of enterprises.For China today,with the rapid development of the Internet economy,the listed Internet companies are developed with a significant era of times,and executive shareholdings have become very common.In this paper,the author analyzes the relationship between executive holding and corporate performance in these enterprises from 2014 to 2015,which mainly includes two aspects,one is to explore the casual relationship between them,the second is to explore the executive shareholding and shareholding structure of the formation of the relationship among the performance of the companies,which can be on the Internet for the development of the companies to provide the necessary useful suggestions.In this study,the relevant literature and achievements of the relationship between executive stock ownership and corporate performance are investigated and sorted out in China and other countries.Through the study of these materials,the significance of this research is clarified.In this paper,the relationship between the two is discussed from two aspects,one is the causal relationship between the two,and the second is the correlation between the two and the impact on corporate performance.The research topic is put forward in the era of rapid development of the Internet economy.Therefore,this paper chooses the Internet listed companies as the research object from 2014 to 2015,and starts the empirical analysis of the data samples,which constructs the causal model and the correlation model Systematic analysis.The following conclusions are drawn:(1)Through the study of this paper,it can be seen in the Internet listed companies in corporate executives and corporate performance that there is a clear causal relationship between them.The management of the listed enterprises is the cause,and their performance is the result,reflecting the obvious incentive effect after the offered shares to executives.With the return of the total shareholdings and corporate performance of the total sample and the sample,the paper finds that in the regression model,executive shareholdings have a positive effect on corporate performance,that is,when listed companies give executives a certain stake.In the future,this can effectively promote the executives in charge of the initiative,so that it can be consistent with the interests of the company to promote enterprises in a better direction,effectively reducing the short-term behavior of these executives and effectively promoting the efficiency of enterprise development.(2)The total sample is divided into state-owned and non-state-owned enterprises.In the regression of state-owned enterprises,the executives' stock ownership is not significant to the performance of the enterprise,that is,the executive stock ownership as a mean of incentives to improve the performance of the company is not good.In state-owned enterprises,the state as the first major shareholders,have absolute control of the enterprise.In the management and operation of the entire company,the chairman and the general manager at the peak position,have a decisive impact on the survival and development of the enterprises,and in state-owned enterprises,these managers in possession of the company shares is relatively small,or even with no shares,resulting in state-owned enterprise executives on corporate performance is not significant.(3)In non-state-owned enterprises,the results are the same as the total sample,that is,executive shareholdings have a positive significance for firm performance.In Non-state-owned enterprises in the process of development(4)through the rational distribution of corporate equity,while more emphasis is put on the efficiency of the enterprise development perspective,can lead to the coverage and fairness of the executives,which leads to the impact of the shareholdings of non-state enterprises on corporate performance is higher than the state-owned enterprises.(5)In Internet industry enterprises,the performance of executives' shareholdings is also significantly positive.Therefore,this shows once again that executive shareholdings can improve corporate performance,both on the Internet and in other industries,and that business performance is significantly positively correlated with executive holdings.(6)In the International Trade Internet Company,executives' shareholdings are also positively related with the corporate performance.This is based on the internet industry segmentation on the basis of the research.Through empirical research,the same conclusion is reached.