管理层薪酬公平性与公司创新效率研究——基于DEA模型的实证分析

The Executives’ Payment Equity and the Company Innovation Efficiency:An Empirical Analysis Based on DEA Model

以我国2014-2017年创业板上市公司为研究样本,利用DEA(数据包络分析)模型、回归分析法探讨管理层薪酬公平与公司创新效率之间的关系。研究结果表明,管理层薪酬公平程度与公司创新效率呈显著正相关关系,即管理层薪酬分配越公平的公司,其创新效率越高;经分组回归发现,上述结果在管理层薪酬公平组更为显著。同时,利用蒙特卡洛法(M-C)对回归结果进行了稳健性测试,增加了本文研究结论的有效性。本文有助于企业科学合理地设计薪酬制度。

Taking China's GEM listed companies from 2014 to 2017 as a research sample,DEA(Data Envelopment Analysis)and regression analysis are used to analyze the relationship between executives’payment equity and company innovation efficiency.The results of the study show that the degree of executives’payment equity is significantly positively correlated with the company's innovation efficiency.That is,the fairer the salary distribution is,the higher the innovation efficiency of the company will be.After group regression,the results above show a greater significance on the executives’payment equity group.Meanwhile,the Monte Carlo method(M-C)is used to test the robustness of the regression results,which increased the validity of the research conclusions.This paper helps companies to design compensation systems scientifically and rationally.