The Relationship between Characteristics of TMT and Financial Risk: Evidence from Chinese SME Board

被引：15
|
作者：
Zhao, Yan [1 ]
Su, Weidong [2 ]
机构：
[1] Qilu Univ Technol, Sch Business, Jinan, Shandong, Peoples R China
[2] Qilu Univ Technol, Sch Finance, Jinan, Shandong, Peoples R China
来源：
2014 INTERNATIONAL CONFERENCE ON BUSINESS, ECONOMICS AND MANAGEMENT (BEM 2014), VOL 1 | 2014年 / 1卷
关键词：
Top management team; Financial risk; SME Board;
D O I：
10.5729/abf.vol1.9
中图分类号：
C [社会科学总论];
学科分类号：
03 ; 0303 ;
摘要：
This paper takes Chinese SME Board as research object and uses Themis outliers to measure financial risk, and carries out an empirical study on the relationship between characteristics of TMT and financial risk with the data of year 2011. The results indicate that the heterogeneity of TMT ages, the heterogeneity of TMT tenures have significantly positive impact on financial risk, the average age of TMT has negative effect on financial risk, while team size, the average tenure of TMT, the average education level of TMT, the gender are not significantly associated with financial risk.
引用
收藏
页码：9 / 13
页数：5
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