行业垄断、薪酬管制与高管货币性薪酬——基于中国上市公司的实证研究

发布时间：2018-03-05 03:31

本文选题：行业垄断　切入点：薪酬管制　出处：《会计之友》2017年01期 　论文类型：期刊论文

【摘要】：基于上市公司高管薪酬过高受到广泛质疑和央企高管薪酬受到管制的背景,研究行业垄断、薪酬管制对上市公司高管货币性薪酬的影响。结果表明,行业垄断依然会显著提高公司高管的货币性薪酬,现行的薪酬管制政策能够起到显著的约束作用,其效果也明显好于一般公司治理因素。公司绩效可以显著提高高管的货币性薪酬,这与以往国内的部分研究结果相反。监事会规模可以显著约束高管的货币性薪酬,但高管持股比例、独董比例却没有起到显著的约束作用。因此,应当推动混合所有制改革,逐步打破行业垄断,促进市场公平竞争;完善薪酬管制,加强信息披露;改革高管薪酬制度,实施股权激励;改进公司治理,明确职责和权限,完善独立董事制度和监事会制度。
[Abstract]:Listed companies excessive executive compensation has been widely questioned and central enterprises executive compensation under control is based on the background of research, industry monopoly, effects of compensation regulation of listed company executives monetary compensation. The results show that the industry monopoly still will significantly improve the company executives monetary remuneration, the current compensation regulation policy can play a significant role in constraint and its effect is better than the general corporate governance factors. The corporate performance can significantly improve the executive monetary compensation, this part with the previous domestic research results on the contrary. The size of the board of supervisors can significantly constrain executive monetary compensation, but the proportion of managerial ownership, the proportion of independent directors did not play the role of constraints significantly. Therefore, it should be to promote the reform of mixed ownership, gradually breaking the monopoly, to promote fair competition in the market; perfecting the compensation regulation, strengthen the disclosure of information; the reform of executive compensation system, real Apply equity incentive, improve corporate governance, clarify responsibilities and powers, and improve the system of independent director and board of supervisors.

【作者单位】：浙江工商大学财务与会计学院;
【基金】：中国博士后科学基金首批特等资助项目“企业内部控制实证研究”(200801241) 浙江省自然科学基金项目“基于财务指标的企业财务报告内部控制有效性识别模型研究”(LY13G020013) 浙江工商大学青年人才基金项目(Q09-1) 财政部全国会计学术领军人才项目
【分类号】：F272.92;F832.51

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