经理权力、战略行为与企业经济效应关系研究

发布时间：2018-06-06 08:20

本文选题：经理权力 + 并购投资　；参考：《经济问题》2017年08期

【摘要】：经理权力是管理层对企业的影响依赖于权力的表现,是经理实现自身意愿的能力。基于因子分析构建了经理权力的综合度量指标,对经理权力与企业并购投资、RD投资间的相关性及与企业经济效应间的关系进行了实证研究。结果表明,经理制衡权与企业并购正相关,与RD投资负相关;声望权与并购和RD投资负相关;结构权与并购和RD投资的相关性不显著;所有权与企业并购的相关性不显著,但与RD投资正相关;综合权力与并购投资的相关性不显著,与RD投资负相关;经理权力的大小对企业并购投资的经济效应影响并无显著差异,但对RD投资的经济效应影响差异较为明显。
[Abstract]:Executive power is the ability of manager to realize his will. Based on factor analysis, this paper constructs a comprehensive measurement index of manager power, and makes an empirical study on the relationship between manager power and M & A investment and R D investment, as well as the relationship between manager power and enterprise economic effect. The results show that the balance right of manager is positively correlated with M & A, negatively correlated with R D investment, negatively correlated with reputation right and R D investment, not significant between structural right and M & A and R D investment, and not significant between ownership and M & A. But it is positively related to R D investment; the correlation between comprehensive power and M & A investment is not significant, but it is negative correlation with R D investment. There is no significant difference between the size of manager power and the economic effect of M & A investment. But the economic effect on R D investment is different obviously.

【二级参考文献】