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Table 4 Distribution of top managers’ EL

From: Who reports high company performance? A quantitative study of Chinese listed companies in the energy industry

Year The number of top managers College degree and below Bachelor’s degree Master’s degree Doctorate degree and above
2005 56 9 20 24 3
2006 62 6 26 25 5
2007 66 4 26 32 4
2008 68 1 26 35 6
2009 70 1 30 31 8
2010 72 2 24 36 10
2011 86 1 32 43 10
2012 100 3 38 47 12
2013 100 4 42 43 11
2014 100 6 35 50 9
Total 780 37 299 366 78