煤炭上市公司高管薪酬与公司绩效相关关系研究

发布时间：2018-03-30 09:17

本文选题：煤炭上市公司　切入点：高管薪酬　出处：《中国煤炭》2017年12期

【摘要】：以2012-2016年28家煤炭上市公司为样本,基于委托代理理论、激励理论等相关理论,采用主成分分析法和固定效应模型研究高管薪酬与公司绩效的关系。研究结果表明,煤炭上市公司高管货币薪酬与公司绩效呈正相关关系,高管内部薪酬差距与公司绩效呈负相关关系,而高管持股比例与公司绩效没有显著相关关系。在此基础上,加入高管货币薪酬与股权集中度的交互项,研究证明公司治理机制间的交互作用对公司绩效产生影响。
[Abstract]:Based on the principal-agent theory and incentive theory, the relationship between executive compensation and corporate performance is studied by principal component analysis and fixed effect model.The results show that there is a positive correlation between executive monetary compensation and corporate performance in coal listed companies, a negative correlation between executive pay gap and corporate performance, but no significant correlation between executive ownership and corporate performance.On this basis, the interaction between executive monetary compensation and equity concentration is added to prove that the interaction between corporate governance mechanisms has an impact on corporate performance.
【作者单位】：西安科技大学管理学院;陆军军医大学士官学校;
【基金】：国家软科学研究计划(2013GXS4D151) 国家自然科学基金青年科学基金项目(71303184);国家自然科学基金青年科学基金项目(51604216) 陕西省社会科学基金(2015D033)
【分类号】：F272.92;F406.7;F426.21

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