Empirical Research on the Relation of Managerial Ownership and Corporate Performance of Real estate enterprise

摘要：

This essay studies the relationship of managerial ownership and the corporate performance of Real estate enterprise. The empirical research result shows an indistinctive linear correlation between managerial ownership and the corporate performance. Then the results of next non-linear regression analysis show a distinctive non-linear correlation between the two, including the function models of ROE, Tobin’s Q and the MSR. the coefficients matrixes show that the effect of Interest Convergence Hypothesis and the Dug Trench Isolation Hypothesis exists in Real estate enterprise. The essay also finds out that there is an interval effect between the corporate performance and the MSR. The empirical result does not support the former hypothesis. It reveals a thrice curve relationship between the MSR and the corporate performance. As a method of inspiriting, setting managerial ownership is only available within the certain area, or it will be non-effective.

关键词： indistinctive linear correlation managerial ownership corporate performance interval effect introduction

作者: YIN Qi HAN Dongping

作者单位: Department of Enterprise Management, HarbinInstitute of Technology, Harbin, China 150001 Department of Enterprise Management, Harbin Institute of Technology, Harbin China 150001

会议类型: 国际会议

会议名称: 2009 International Conference on Construction & Real Estate Management(2009建设与房地产管理国际会议)

会议地点: 北京

会议语种:英文

页码: 587-591

在线出版日期: 2009-11-05（万方平台首次上网日期，不代表论文的发表时间）