石油行业上市公司高管薪酬影响因素实证研究

Empirical Research of Influence Factors on the Executive Compensation in Oil Industry Listed Companies

针对人们对石油行业上市公司高管薪酬过高、与企业经营业绩不相符、薪酬激励效果不显著等质疑,采用多元线性回归分析的方法,实证高管薪酬的影响因素并进行相关性检验,结果表明:石油行业上市公司的高管薪酬与公司规模、企业业绩之间存在显著的正相关关系;与独立董事比例、监事会规模、两职兼任情况不相关;与最大股东持股比例显著正相关;与公司负债程度显著负相关。

Based on serious questions by public about the executive compensation in oil industry listed companies being too high and discrepant with enterprise performance, incentive effect of salary being not significant, this paper adopts multiple linear regression analysis method and analyzes the influence factors of executive compensation and tests the correlation. The results show that executive compensation in oil industry listed companies have a positive impact on the company scale and enterprise performance significantly; it isn＇t related with the proportions of the independent directors, board of supervisors scale and two hats concurrently condition, but positive correlation with the largest shareholder＇s proportions; it has significant negative correlation with company debt level.