高管团队内部薪酬差距与企业绩效——以我国房地产行业为例

To Analyse on the Income Disparity with Firm Performance in Top Management Team——As the Case of Chinese Real Estate Industry

竞赛理论和行为理论关于薪酬差距对组织绩效影响关系的认识有很大差别,形成了争锋相对的观点。基于这两种理论,利用我国沪深两市房地产行业153家上市公司近3年的年报数据对两者的关系进行了实证分析。研究发现高管团队内部薪酬差距对于企业绩效有正向影响,符合竞赛理论的预期,这也为企业高管团队内部薪酬的制度设计带来政策启示。

Tournament Theory and Behavioral Theory held quite different ideas towards the relationship of compensation dispersion and organization performance. Based on these two theories, and used the data of China 153 listed companies in Real Estate Industry in recent three years, this paper analyzed the relationship of the two, and found that the relationship between compensation dispersion and organization performance was positive, which was consistent with Tournament Theory. The results will give us some implications on the design of management compensation.