Research on the Impact of Personal Characteristics of Executive Team on the Solvency of Companies
120 Listed Companies in The Media Industry as An Example
DOI:
https://doi.org/10.54097/fbem.v10i1.10376Keywords:
Executive team, Personal traits, Solvency.Abstract
As the core of corporate governance, the personal characteristics of the executive team have a certain impact on corporate solvency. This paper puts forward research-related hypotheses based on the theory of top echelon and overconfidence theory, takes the gender, age, and academic background of the executive team as independent variables, and indicates five indicators of corporate solvency as dependent variables, and designs a model in which the personal characteristics of the executive team have an impact on the company's solvency, and then this paper takes 120 listed companies in the domestic media industry in the period of 2017-2021 as the object of the study, and Using stepwise regression analysis to empirically study the relationship between the executive team's gender ratio, age, educational background and corporate solvency. It is found that the gender ratio of executive team members has a significant impact on the company's solvency, and the company's short-term solvency is stronger when there are more females in the executive team, while a smaller proportion of females and a higher proportion of males will improve the company's long-term solvency.
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