高管薪酬、高管持股与企业社会责任绩效——基于国有股权的调节效应

发布时间：2019-07-04 18:44

【摘要】：公司治理因素对企业社会责任的履行具有重要影响,高管薪酬、高管持股水平必然影响企业社会责任的承担,而国有股权的存在使代理问题变得更为复杂。基于国有股权的调节效应,研究高管薪酬、高管持股对企业社会责任绩效的影响。研究表明:高管薪酬、高管持股水平对企业社会责任绩效均存在正向影响,国有股权比例会对高管薪酬与社会责任绩效之间的正向相关关系产生负向调节作用,国有股权比例会对高管持股与社会责任绩效之间的正向相关关系产生正向调节作用。因此,企业改革进程中,应当全方位优化企业当前治理结构,才能有效提高企业运营效率。
[Abstract]:Corporate governance factors have an important impact on the performance of corporate social responsibility, executive compensation, executive shareholding level will inevitably affect the commitment of corporate social responsibility, and the existence of state-owned equity makes the agency problem more complex. Based on the adjustment effect of state-owned equity, this paper studies the influence of executive compensation and executive shareholding on corporate social responsibility performance. The research shows that executive compensation and executive shareholding level have positive effects on corporate social responsibility performance, the proportion of state-owned equity will negatively regulate the positive correlation between executive compensation and social responsibility performance, and the proportion of state-owned equity will have a positive regulatory effect on the positive correlation between executive shareholding and social responsibility performance. Therefore, in the process of enterprise reform, the current governance structure of enterprises should be optimized in an all-round way in order to effectively improve the efficiency of enterprise operation.
【作者单位】：南京理工大学泰州科技学院;南京理工大学经济管理学院;
【基金】：江苏省教育厅高校哲学社会科学研究项目(2016SJD630165) 江苏省高等教育教改立项研究课题(2015JSJG626) 南京理工大学泰州科技学院教改项目
【分类号】：F272.92;F270;F275

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