论文部分内容阅读
本文通过对1999-2013年间国内44家上市金融机构的面板数据固定效应计量分析发现,金融机构的市场表现与董事长年龄存在显著的“U”型关系。不过,金融机构的利润指标与董事长年龄呈倒“U”型关系,市值指标呈正“U”型关系,且董事长年龄拐点均出现在61岁附近。
This essay analyzes the fixed effects of panel data of 44 listed financial institutions in China from 1999 to 2013 and finds that there is a significant “U ” relationship between the market performance of financial institutions and the age of the chairman. However, the profit indicators of financial institutions are inversely proportional to the age of the chairman of the board, and the market value index is positive. The inflection point of the chairman of the board appears near the age of 61.