Research About The Influence Of Entrepreneurial Social Experiences On Enterprises' Excessive Perquisite Consumption

In recent years,the anti-corruption phenomenon has happened from government agencies to enterprises.The issue of extravagance and corruption in enterprises has also drawn more attention of academia.The paper uses excessive perquisite consumption to measure the extent of corporate extravagance and corruption and starts from Upper Echelons Theory to study the influence of entrepreneurial social experiences on the excessive perquisite consumption of the enterprises.And the paper further studies the difference of the impact of social experience on excessive perquisite consumption in different marketization degrees and different conditions of nature of property.The paper chooses the A-share listed companies from 2010 to 2014 as the sample and collects the entrepreneurial experience data by hand and organizes the entrepreneurs' other social experiences.Based on the existing research,the paper improves the quantitative methods of excessive perquisite consumption and do demonstrational research.The findings are as follows:(1)There is a significant negative correlation between the entrepreneurial academic and entrepreneurial experience and the excessive perquisite consumption level.There is a significant positive correlation between the entrepreneurial financial experience and the excessive perquisite consumption level.(2)The imperfect mechanism of internal and external supervision and administration in enterprises is an important factor that makes the entrepreneurial social experience such personal background characteristics have a significant impact on the excessive perquisite consumption of enterprises.(3)From the perspective of the nature of property,compared with the state-owned enterprises,entrepreneurial social experience of entrepreneurs in non-state-owned enterprises can have a more significant impact on excessive perquisite consumption.The paper,for the first time,introduces the entrepreneurial social experience variable into the field of excessive perquisite consumption,and enriches the research on the issue related to extravagance and corruption in enterprises.At the same time,the paper has validated the Upper Echelons Theory from a relatively new perspective,and has also contributed to the research on manager's personal background characteristics and operation and management of business.