Journal of Dali University

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Empirical Study on the Relationship Between Risk-sharing Consciousness of Top Management Team and#br# Corporate Performance

Liu Kai   

  1. Communist Party School of Huaiyuan County
  • Received:2016-12-20 Revised:2017-03-21 Online:2017-07-15 Published:2017-07-15

Abstract: Top management team is the main undertaker of enterprise risk, therefore studying the executive team's risk-sharing
consciousness structural dimension and its impact on corporate performance has a certain practical significance.144 valid
questionnaires were collected from top management executives in related enterprises. Through factor analysis, correlation analysis and
regression analysis, etc., the study shows that, firstly, top management team's risk-sharing consciousness can be divided into three
dimensions, i.e. technical risk- sharing consciousness, market risk- sharing consciousness and management risk- sharing
consciousness, which are independent of each other. Secondly, top management team's risk- sharing consciousness and its three
dimensions have significant positive correlation with corporate performance, among which the market risk-sharing consciousness has
the most positive role in promoting cooperate performance, and then followed by technical risk-sharing consciousness and management
risk-sharing consciousness successively.

Key words: top management team, risk-sharing consciousness, corporate performance