我国房地产上市公司高管薪酬与企业绩效的相关性研究

发布时间：2018-03-28 17:30

本文选题：房地产　切入点：高管薪酬　出处：《华侨大学》2014年硕士论文

【摘要】：通过对2008到2012年我国房地产上市公司相关数据的分析我们发现，房地产上市公司高管薪酬呈逐年增长的态势，且增幅较大，，2012年较2008年房地产上市公司高管薪酬增加了近一倍，但同时企业绩效却呈现出波动增长的趋势，增幅远低于高管薪酬。基于此，本文研究房地产上市公司高管薪酬与企业绩效间的相关性。本文采用定性分析与定量分析相结合的方法对房地产上市公司高管薪酬与企业绩效的相关性进行研究，首先对国内外有关高管薪酬与公司绩效相关性的文献进行回顾与总结，其次阐述本文的理论基础，包括委托代理理论、人力资本理论、效率工资理论，为论文的展开提供借鉴，再次对2008到2012年我国房地产上市公司高管薪酬、企业绩效等方面的数据进行描述性分析，结合已有的研究结果总结出我国房地产上市公司及其高管薪酬的现状，最后通过建立实证模型，分析我国房地产上市公司高管薪酬与企业绩效的相关性并提出相关建议。在实证分析中，本文采用了2008到2012年我国109家房地产上市公司高管薪酬、企业绩效等相关数据，采用面板数据分析方法进行分析，研究过程中分别将高管薪酬与企业绩效作为因变量分析两者之间的相关性。研究结果表明高管薪酬对企业绩效有着显著的正向影响，企业绩效对高管薪酬同样有显著的正向影响。
[Abstract]:Through the analysis of the relevant data of real estate listed companies in China from 2008 to 2012, we find that the executive compensation of real estate listed companies is increasing year by year, and the increase is larger than that of 2008, and the compensation of executives in real estate listed companies in 2012 has nearly doubled compared with 2008. But at the same time, the enterprise performance shows the trend of fluctuating growth, the increase is far lower than the executive compensation. Based on this, this paper studies the correlation between executive compensation and corporate performance of real estate listed companies. This paper uses qualitative analysis and quantitative analysis to study the correlation between executive compensation and corporate performance of real estate listed companies. Firstly, it reviews and summarizes the literature on the correlation between executive compensation and corporate performance at home and abroad. Secondly, the theoretical basis of this paper, including principal-agent theory, human capital theory, efficiency pay theory, for the development of the paper to provide reference, again from 2008 to 2012, China's real estate listed companies executive compensation. Based on the data of enterprise performance and other aspects, this paper summarizes the current situation of real estate listed companies and their executive compensation, and finally establishes an empirical model, combining with the existing research results to summarize the current situation of real estate listed companies and their executive compensation. This paper analyzes the correlation between executive compensation and corporate performance of real estate listed companies in China, and puts forward relevant suggestions. In the empirical analysis, we use the relevant data such as executive compensation and corporate performance of 109 real estate listed companies from 2008 to 2012. Panel data analysis method is used to analyze the correlation between executive compensation and corporate performance as dependent variables. The results show that executive compensation has a significant positive impact on corporate performance. Corporate performance also has a significant positive impact on executive compensation.
【学位授予单位】：华侨大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F299.233.4;F272.92

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