国外许多研究发现,公司高管的政府背景作为公司的一个特征性质,如同公司的股权结构、多元化经营一样,会对公司价值产生影响。我国作为一个从高度集中的计划经济转轨到市场经济的国家,政府对市场的管制很多,导致大量上市公司高管具有政府背景。本文选取民营企业作为研究对象,来研究高管的政府背景对公司盈利能力的影响。 Many foreign studies have found that the government background of a company’s executives as a characteristic of the company, as the company’s ownership structure, diversification, will affect the company’s value. As a transition from a highly concentrated planned economy to a market economy in our country, the government controls the market a lot and leads to the government background of a large number of listed company executives. This paper selects private-owned enterprises as the research object to study the impact of the executive background of the government on the company’s profitability.