摘要
上市公司总经理超额薪酬现象一经曝光便引起了诸多学者的关注。本文从差序格局的视角对超额薪酬产生的原因进行了研究,以1632家上市公司为研究样本对总经理超额薪酬进行度量。随后以有无总经理超额薪酬为依据,将样本中的上市公司分为两组进行绩效差异研究。在此基础之上,将1632家上市公司按产业划分,对一、二、三产业的上市公司分组并进行公司绩效差异分析,结果表明:在现有市场情境下,上市公司总经理的超额薪酬对公司绩效产生了正向影响,并且该影响在第三产业最为显著。
The phenomenon of excess director compensation of listing Corporation has caused many scholars’at-tention. This paper studies the causes of excess director compensation from the perspective of differential patterns, and measures the excess director compensation by 1632 listing Corporation. Then, the listing corporations are divided into two group based on the excess director compensation. And we compare the performance difference between the two groups. Then, we divided the 1632 listed corporations into primary industry, secondary industry and tertiary industry according to the industrial division, and we make a variance analysis between them. The results showed that：under the current market situation, the excess director compensation has a positive influence on the company performance, and the influence in the tertiary industry is the most significant.
出处
《金融发展研究》
北大核心
2015年第7期78-82,共5页
Journal Of Financial Development Research
关键词
超额薪酬
公司绩效
差序格局
产业
excess pay
company performance
hierarchical order
industry
