The Research On The Impact Of Top Management Team Characteristics On The Performance Of Listed Banks

The top management team(hereinafter referred to as the “executive team”)is the core team for formulating and implementing all the important decisions of the enterprise.The control of the company's strategy and decision-making always runs through the management of the enterprise,so the executive team plays the role.The role is an important factor affecting the profitability of the company.Banks are one of the important components of modern financial markets.The level of bank performance is directly related to the operation and development of banks themselves,thus affecting the stability of financial markets and even the level of economic development of a country.Comprehensive domestic and foreign scholars have found that there is a certain relationship between executive characteristics and company performance.At present,domestic and foreign scholars mainly focus on the research on the impact of executive characteristics of manufacturing enterprises on company performance,but especially for the financial industry.There are still few studies on the impact of bank performance.The modern banking industry is a high-risk,capital-intensive service industry.Its unique industry characteristics determine that banks must regard talents as their core capital.Excellent individual talents and high-quality talents determine the competition of banks to a large extent.Force and business performance.Therefore,this paper establishes an empirical model to study the impact of top management team characteristics on the performance of listed banks.This paper selects 16 listed banks in China from 2008 to 2017 as a sample,and classifies the characteristics of bank executives into three categories: homogeneity characteristics,heterogeneity characteristics and other background characteristics.The homogenous characteristics include The four indicators of age,education,tenure and professional experience of executives;heterogeneity indicators include three heterogeneous variables of age,education and tenure of executives;other background characteristics include females in executive team members Three indicators of ratio,government background and overseas background.Based on these three types of characteristic indicators,this paper selects panel data to establish a fixed effect model,and empirically analyzes the impact of executive team characteristics on the performance of listed banks.The results show that among the homogeneity characteristics,the age and career experience of the top management team are significantly negatively correlated with bank performance,and the academic level is significantly positively correlated with bank performance.Among the heterogeneity characteristics,age heterogeneity and bank performance are significant.Positive correlation,while term heterogeneity is negatively correlated with bank performance;among other background characteristics,there is a negative correlation between female ratio indicators and bank performance in executive teams.At the same time,this paper divides the sample into two categories: state-owned commercial banks and non-stateowned commercial banks,and compares the impact of high team characteristics on the performance of different types of banks.Finally,the paper draws relevant conclusions based on theoretical and empirical analysis,and puts forward relevant suggestions for different types of banks.