Effects Of Managers’ Self-Interest Motivation On Listed Company’s Business Performance
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In recent years, managers' self-interest motivation has been attracting more and more attention from both the academia and practice. Therefore, the ways and depth of managers' self-interest motivation influencing listed companies’ operating performance has become a hot research area with important theoretical and practical significance. Based on the samples of A-share companies listed in Shanghai and Shenzhen stock exchange during 2012-2014, we studied different effects of managers' self-interest motivation on listed company’s business performance under different situations. The innovation of this paper mainly lies in
the following two points: on the one hand, we did not adopt the previous research methods which does not distinguish different kinds of company's business
performance. Therefore, we divided business performance into two types firstly, then we made empirical text of the influences of managers’ self-interest motivation on business performance by virtue of Hausman Model and drew related conclusions under different situations of operating performance. On the other hand, the index measuring managers' self-interest is relatively new
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