摘要
合理的高管薪酬一直被认为是解决委托代理问题,提高企业绩效的重要手段之一,CEO作为企业日常经营的管理者,负责公司的整体运营,掌握着重要的决策权。作为公司治理的而重要参与者,CEO的个人背景的差异,势必会对高管薪酬契约产生重要影响。因此通过对我国2013-2016年A股上市公司的研究样本进行整理分析,结合高层梯队理论、最优薪酬契约和激励理论,实证检验CEO背景特征对其薪酬的影响以及投资收益在两者之间的中介作用。
Reasonable executive compensation has always been regarded as one of the important means in resolving the principal-agent problem and improving corporate performance.As the manager of the enterprise’s everyday operation,the CEO is responsible for the overall operation of the company and holds the important decision-making power.As an important participant in corporate governance,the personal background of the CEO is bound to have an important impact on executive compensation contracts.This paper sorts out and analyzes the research samples of the A-share listed companies during 2013-2016;by integrating the Upper Echelon Theory,Optimal Salary Contract Theory and Motivation Theory,it conducts an empirical study regarding the impact of CEO’s background characteristics on his salaries,the intermediary role of return on investment between other two factors.
作者
陈家田
朱武琴
CHEN Jiatian;ZHU Wuqin(School of Management,Anhui University,Hefei 230601,Anhui)
出处
《攀枝花学院学报》
2019年第6期57-63,共7页
Journal of Panzhihua University
基金
国家社会科学基金项目“双重委托代理视角下上市家族企业高管薪酬激励研究”(14BGL050)
安徽大学区域经济与城市发展协同创新中心开放招标项目“家族亲缘关系与高管薪酬:基于代理理论的实证研究”(QYXT2017010)
关键词
CEO
教育背景
金融背景
投资收益
薪酬
激励理论
CEO
academic background
financial background
return on investment
salary
Motivation Theory
