旅游上市公司治理结构对其成长性影响的实证研究
发布时间：2019-04-03 12:07
【摘要】：党的十八届三中全会明确提出的国有企业改革政策给旅游上市公司的发展带来了机遇。同时，《旅游法》、“八项规定”、“六项禁令”出台，也给旅游企业带来较大的影响。在挑战和机遇并存的背景下，以旅游上市公司的治理结构为切入点，研究与分析如何通过调整公司治理结构保证旅游企业更好地发展，具有重要的现实意义。 本文采用实证研究和规范研究相结合的方法，通过使用数据统计研究工具来研究公司治理结构对旅游企业成长性的影响。在理论研究方面，将定性阐述和数理推断结合起来，便于提出假设和分析回归结果。在实证研究中，采用描述性统计分析和回归分析等统计方法来展开实证分析，得出的研究结论有：（1）股权集中度与旅游上市公司成长性呈负相关关系，第一大股东主业不是旅游性的企业相对于第一大股东主业为旅游性质的企业来说成长性会更好，会给企业带来更好的成长性；（2）董事会规模与企业成长性呈倒U型关系；（3）独立董事比例与旅游上市公司成长性之间的关系并不显著；（4）高管薪酬对企业成长性没有显著的影响；（5）高管持股对企业成长性有显著的正面影响；（6）开发技术人员比例的多少对企业的成长性有显著的正面影响。第六部分是针对实证分析结果提出的建议，以及论文的不足和展望。 本文探讨了公司治理结构对旅游上市公司成长性的影响，，尤其是将旅游业纳入企业成长性分析，并重新拟定了股权性质划分标准，分析了第一大股东的从业背景对旅游上市公司成长性的影响；研究角度较为新颖。同时，结合旅游产品的特殊性，通过旅游开发技术人员与员工总数的比例分析企业的员工结构，衡量旅游资源、旅游文化、旅游线路的开发情况，将其纳入自变量，分析其对旅游企业成长性的影响具有新意。
[Abstract]:The reform policy of state-owned enterprises clearly put forward by the third Plenary session of the 18th CPC Central Committee brings opportunities for the development of tourism listed companies. At the same time, Tourism Law, "eight regulations", "six prohibitions" issued, but also brought a greater impact on tourism enterprises. Under the background of the co-existence of challenges and opportunities, it is of great practical significance to study and analyze how to ensure the better development of tourism enterprises by adjusting the corporate governance structure, taking the governance structure of listed tourism companies as the starting point. In this paper, a combination of empirical research and normative research is used to study the influence of corporate governance structure on the growth of tourism enterprises through the use of statistical data research tools to study the impact of corporate governance structure on the growth of tourism enterprises. In the aspect of theoretical research, qualitative exposition and mathematical inference are combined to make assumptions and analyze regression results easily. In the empirical study, descriptive statistical analysis and regression analysis are used to carry out the empirical analysis. The conclusions are as follows: (1) the ownership concentration is negatively correlated with the growth of listed tourism companies, and the research results are as follows: (1) there is a negative correlation between ownership concentration and the growth of listed tourism companies. The main business of the first shareholder is not tourism. Compared with the main business of tourism, the growth of the first largest shareholder will be better, and it will bring better growth to the enterprise. (2) the relationship between board size and corporate growth is inverted U-shape; (3) the relationship between the proportion of independent directors and the growth of tourism listed companies is not significant; (4) the executive compensation has no significant effect on the growth of enterprises; (5) Executive shareholding has a significant positive impact on the growth of enterprises, and (6) the proportion of developers and technicians has a significant positive impact on the growth of enterprises. The sixth part is based on the empirical analysis of the results of the recommendations, as well as the shortcomings and prospects of the paper. This paper discusses the influence of corporate governance structure on the growth of listed tourism companies, especially the inclusion of tourism into the growth analysis of enterprises, and redraws the criteria for dividing the nature of equity. This paper analyzes the influence of the background of the largest shareholder on the growth of tourism listed companies. The research angle is new. At the same time, according to the particularity of tourism products, this paper analyzes the staff structure of the enterprise through the ratio of tourism development technicians to the total number of employees, measures the development of tourism resources, tourism culture and tourism routes, and puts it into the independent variable. Analysis of its impact on the growth of tourism enterprises has a new meaning.
【学位授予单位】：重庆理工大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F592.6;F271
本文编号：2453197
[Abstract]:The reform policy of state-owned enterprises clearly put forward by the third Plenary session of the 18th CPC Central Committee brings opportunities for the development of tourism listed companies. At the same time, Tourism Law, "eight regulations", "six prohibitions" issued, but also brought a greater impact on tourism enterprises. Under the background of the co-existence of challenges and opportunities, it is of great practical significance to study and analyze how to ensure the better development of tourism enterprises by adjusting the corporate governance structure, taking the governance structure of listed tourism companies as the starting point. In this paper, a combination of empirical research and normative research is used to study the influence of corporate governance structure on the growth of tourism enterprises through the use of statistical data research tools to study the impact of corporate governance structure on the growth of tourism enterprises. In the aspect of theoretical research, qualitative exposition and mathematical inference are combined to make assumptions and analyze regression results easily. In the empirical study, descriptive statistical analysis and regression analysis are used to carry out the empirical analysis. The conclusions are as follows: (1) the ownership concentration is negatively correlated with the growth of listed tourism companies, and the research results are as follows: (1) there is a negative correlation between ownership concentration and the growth of listed tourism companies. The main business of the first shareholder is not tourism. Compared with the main business of tourism, the growth of the first largest shareholder will be better, and it will bring better growth to the enterprise. (2) the relationship between board size and corporate growth is inverted U-shape; (3) the relationship between the proportion of independent directors and the growth of tourism listed companies is not significant; (4) the executive compensation has no significant effect on the growth of enterprises; (5) Executive shareholding has a significant positive impact on the growth of enterprises, and (6) the proportion of developers and technicians has a significant positive impact on the growth of enterprises. The sixth part is based on the empirical analysis of the results of the recommendations, as well as the shortcomings and prospects of the paper. This paper discusses the influence of corporate governance structure on the growth of listed tourism companies, especially the inclusion of tourism into the growth analysis of enterprises, and redraws the criteria for dividing the nature of equity. This paper analyzes the influence of the background of the largest shareholder on the growth of tourism listed companies. The research angle is new. At the same time, according to the particularity of tourism products, this paper analyzes the staff structure of the enterprise through the ratio of tourism development technicians to the total number of employees, measures the development of tourism resources, tourism culture and tourism routes, and puts it into the independent variable. Analysis of its impact on the growth of tourism enterprises has a new meaning.
【学位授予单位】：重庆理工大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F592.6;F271
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