Study On The Relationship Between Corporate Performance?Government Backgrounds And Executives Change

The introduction of the new economic normal in 2013 pointed out that China's economy is in a critical stage of economic transition,from high-speed growth to medium-high-speed growth,and the economic structure is continuously optimized and upgraded.Private enterprises,as an important part of China's economic development,are related to China.The economic transition has proceeded smoothly.In November 2018,General Secretary Xi Jinping pointed out at the private enterprise symposium that the private economy is an intrinsic element of China's economic system.In the process of China's economic development,we must vigorously support the development and growth of private enterprises,continuously create a better development environment for the private economy,and promote greater development of the private economy.At this stage,the government has replaced the functions of some markets and played a key role in resource allocation.State-owned enterprises have a natural government background because of the government functions of the principals.Private enterprises must adapt to the impact of changes in the external environment in order to maintain contact with the outside world and continuously acquire important resources to seek business.development of.The government background is part of the social resources of the company's senior executives,which can bring advantages in policy orientation and financing channels.Appointing executives with government background can bring many advantages to private enterprises,but government intervention also means a certain degree of impact on corporate governance.Enterprises need to consider the advantages and disadvantages brought by the government background from long-term development.This paper empirically analyzes the 1894 samples of China's A-share private listed companies from year 2011 to 2017,and studies the relationship between executives' government background and unconventional changes of the senior executives.Through domestic and foreign scholars to study and sort out research ideas,combing the literature to provide theoretical support,and establish models for further research.This paper examines the relationship between the unconventional rate of change of executives from 2011 to 2017 and the background of executive government.Further regression is performed by modeling the sample.The study found that there is a significant negative correlation between the company's performance level and the unconventional changes in senior executives;after considering the government background,the government background can significantly weaken the negative correlation between the two variables;for the further study,this paper incorporate a situation in to the consideraitons,that is the coincide of chairman and general manager.After studying of dual role,the relationship between these two variables is found to be significantly weaken.