經理人特質（如年齡、學歷、學術背景等）對於公司所採行之財務決策及公司績效有何影響？又會如何改變財務決策與公司績效間的關係？本文使用投資決策與融資決策為財務決策之代理變數，以資產報酬率、權益報酬率與股價報酬率為公司績效代理變數，再加上經理人年齡、學歷及學術背景等資料，來探討1999年至2003年，台灣上市電子公司總經理有異動之情形下，這三大群變數彼此間之關係，以及經理人特質之不同會如何影響財務決策與公司績效間之關係。結果發現，具MBA學位之經理人及具博士學位之經理人有顯著較高的負債比率；電子、電機本科系畢業之經理人與40-50歲的經理人，有顯著較好的公司績效；具MBA學位之經理人，股價報酬率顯著較低；投資比例越高，公司績效顯著越好；負債比率對於ROE及ROA則都為顯著的負向關係。
最後，發現經理人特質之不同，確實會改變財務決策與公司績效間之關係。

中文部分

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