高管薪酬、创业导向与创业绩效关系研究

发布时间：2018-06-28 08:09

本文选题：高管薪酬 + 创业导向　；参考：《石河子大学》2017年硕士论文

【摘要】：“大众创业,万众创新”背景下,创业越来越成为我国众多企业的重要选择,企业层面的创业亦备受学术界关注。对于创业企业来说,如何提升创业绩效是一个热点话题,也是企业界亟待解决的重要难题。创业导向本质上是企业实施的一种增长战略导向,对企业追求良好的绩效具有重要推动作用。论文在已有研究基础上,引入创业导向变量,积极探求创业导向在高管薪酬激励与创业绩效关系之间扮演的角色,以把握研究的现实意义和理论价值。论文以分析高管薪酬、创业导向与创业绩效三者之间的关系为主,进一步探究了高管薪酬激励对创业绩效之间的作用机制。首先,界定了高管薪酬、创业导向及创业绩效的概念,并通过文献分析法梳理了变量之间的关系。其次,在理论分析的基础上,提出了高管薪酬、创业导向与创业绩效三者相互关系的不同假设,同时从不同角度重点阐述了创业导向在高管薪酬与创业绩效关系之间的作用假设。第三,以2011-2015年的创业板上市公司为研究样本,建立混合面板回归模型,以经验数据验证高管薪酬激励对企业创业绩效的影响以及之间的作用路径或机制。实证研究结果表明:高管货币薪酬、权益薪酬与薪酬差距与创业绩效显著正相关;高管货币薪酬、权益薪酬与薪酬差距与创业导向显著正相关;创业导向在高管货币薪酬、权益薪酬、薪酬差距与创业绩效之间关系的中介效应成立;同时,创业导向还调节高管货币薪酬、权益薪酬与创业绩效之间的关系,但对薪酬差距与创业绩效之间关系的调节效应不成立。这些结论对创业企业的战略管理有以下启示:优化高管薪酬契约,提升企业内部创业治理水平;大力培养企业家精神,打造创业型高管;积极培育创业导向,促进积极引导创新创业活动;构建有效的风险学习、规避机制,确保创业导向转化为良好组织绩效。论文以公司创业为研究主题,尝试将高管薪酬作为研究的切入点,采用二手数据实证探讨其对公司创业绩效的作用机制,并得出了一些重要结论,这也与现有许多学者的研究结论相吻合。总之,论文丰富了高管薪酬激励对企业绩效影响的微观机制,拓展了当前创业理论研究的视角,也为企业设计具有创业型薪酬契约提供理论借鉴。
[Abstract]:Under the background of "mass entrepreneurship, mass innovation", entrepreneurship has become an important choice for many enterprises in our country, and entrepreneurship at the enterprise level has attracted much attention from the academic community. For entrepreneurial enterprises, how to improve entrepreneurial performance is a hot topic, but also an important problem to be solved. Entrepreneurial orientation is essentially a kind of growth strategy orientation implemented by enterprises, which plays an important role in promoting enterprises' pursuit of good performance. On the basis of existing research, this paper introduces entrepreneurial orientation variables and actively explores the role of entrepreneurial orientation in the relationship between executive compensation incentives and entrepreneurial performance, in order to grasp the practical significance and theoretical value of the research. Based on the analysis of the relationship among executive compensation, entrepreneurial orientation and entrepreneurial performance, the paper further explores the mechanism of executive compensation incentive on entrepreneurial performance. Firstly, it defines the concepts of executive compensation, entrepreneurial orientation and entrepreneurial performance, and combs the relationship between variables through literature analysis. Secondly, on the basis of theoretical analysis, different assumptions of the relationship among executive compensation, entrepreneurial orientation and entrepreneurial performance are put forward. At the same time, the hypothesis of the relationship between executive compensation and entrepreneurial performance is expounded from different angles. Thirdly, taking the listed companies in the gem from 2011-2015 as the research sample, a mixed panel regression model is established to verify the impact of executive compensation incentives on entrepreneurial performance and the path or mechanism between them. The empirical results show that: executive monetary compensation, equity compensation and salary gap and entrepreneurial performance significantly positive correlation; executive monetary compensation, equity compensation and salary gap and entrepreneurial orientation significantly positive correlation; entrepreneurial orientation in executive monetary compensation, The intermediary effect of the relationship between equity compensation, salary gap and entrepreneurial performance is established. At the same time, entrepreneurship orientation also adjusts the relationship between executive monetary compensation, equity compensation and entrepreneurial performance. However, the effect of adjustment on the relationship between salary gap and entrepreneurial performance is untenable. These conclusions have the following enlightenment to the strategic management of the entrepreneurial enterprise: optimize the executive compensation contract, enhance the level of entrepreneurial governance within the enterprise; vigorously cultivate entrepreneurship, create entrepreneurial executives; actively cultivate entrepreneurial orientation, To promote the active guidance of innovative entrepreneurial activities; to build effective risk learning, avoid mechanisms to ensure that entrepreneurial orientation into good organizational performance. In this paper, we take entrepreneurship as the research theme, try to take executive compensation as the starting point of the research, use second-hand data to explore the mechanism of its effect on corporate entrepreneurship performance, and draw some important conclusions. This also coincides with the existing research conclusions of many scholars. In short, the paper enriches the micro mechanism of executive compensation incentive to enterprise performance, expands the perspective of current entrepreneurial theory research, and provides theoretical reference for enterprises to design entrepreneurial compensation contract.
【学位授予单位】：石河子大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F272.92;F279.2

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