摘要
文章利用2003-2005年上市公司年度数据检验我国产品市场竞争、经理报酬与公司绩效之间的经验关系。研究发现:产品市场竞争和经理报酬对于企业产出增长率具有显著的正面效应,并且产品市场竞争对国有企业绩效的促进作用尤为显著。研究还发现,产品市场竞争与经理报酬之间呈显著的互补关系。这意味着,在加大对经理报酬激励的同时建立有效的市场竞争机制,对于提高我国企业绩效有着重要的现实意义。
The paper analyses the relationship among product market competition,executive compensation and firm performance through evidence from China′s companies hsted during 2003-2005.The results show that product market competition and executive compensation can improve the firm′s operating performance.We also find that,there exist eomplementarities between product market competition and executive compensation.
出处
《管理评论》
CSSCI
2008年第2期58-62,共5页
Management Review
