制度环境、高管薪酬外部公平与企业绩效

发布时间：2018-02-03 06:42

本文关键词： 高管薪酬外部公平产权性质市场化进程企业绩效　出处：《会计之友》2017年08期 　论文类型：期刊论文

【摘要】：利用2007—2014年沪市A股制造业上市公司为研究样本,在重新定义高管薪酬外部公平的基础上,结合制度环境研究了高管薪酬外部公平的激励效应。实证发现:高管薪酬外部公平对企业绩效具有正面激励效应。进一步研究发现,制度环境对企业高管薪酬激励效应具有显著影响。相比非国有企业,高管薪酬外部公平在国有企业中对企业绩效正面激励效应愈加显著;与低市场化进程样本组相比,高管薪酬外部公平与企业绩效的正相关关系在高市场化进程样本组更加显著。研究表明,企业应结合具体制度环境制定合理薪酬水平以充分发挥企业高管薪酬激励机制。
[Abstract]:Using the A-share manufacturing listed companies in Shanghai Stock Exchange from 2007 to 2014 as the research sample, on the basis of redefining the external equity of executive compensation. Combined with the institutional environment to study the incentive effect of executive compensation external equity. Empirical findings: executive compensation external equity has a positive incentive effect on corporate performance. The institutional environment has a significant impact on the incentive effect of executive compensation. Compared with non-state-owned enterprises, the external equity of executive compensation has a more significant positive incentive effect on corporate performance in state-owned enterprises. Compared with the low market-oriented process sample group, the positive correlation between executive compensation external equity and firm performance is more significant in the high market-oriented process sample group. In order to give full play to the incentive mechanism of executive compensation, enterprises should formulate reasonable compensation level according to the specific system environment.
【作者单位】：太原理工大学经济管理学院;
【基金】：山西省软科学项目“山西省企业高管薪酬、竞争战略与企业价值协整及对策研究”(2016041016-1)、“山西省煤层气产业盈利模式创新研究”(2015041009-1)
【分类号】：F272.92;F272.5
【正文快照】： 引言依据委托代理理论,合理薪酬激励是缓解委托人和代理人利益冲突的重要机制。而现阶段薪酬差距不断拉大,高管薪酬公平性问题已成为政府、社会公众以及学术界关注的热点问题。高管天价薪酬问题已严重阻碍了我国社会公平分配进程的推进。吴联生等[1]和黄辉[2]利用实际高管薪酬

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