高管薪酬与公司业绩实证研究——以中小企业板上市公司为例

An Empirical Study on the Relationship Between Executive Compensation and Corporate Performance--Take Small Plates Listed Companies as an Example

选取2009年前上市的235家中小企业板上市公司2013年的年报数据,实证检验高管薪酬与公司业绩之间的相关性。结果表明:中小企业板上市公司高管薪酬与公司业绩、公司规模存在显著正相关关系,高管薪酬与资本结构之间存在显著负相关关系。

This paper chooses 2013 annual reports of 235 small plates listed companies that listed before 2009.Through empirical analysis,we examine the correlation between executive compensation and firm performance.The results of the research show that there is a significant positive correlation between executive compensation and firm performance,and the executive compensation is positively related to the company size.There is a significant negative correlation between the executive compensation and the capital structure.