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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