媒体关注下高管薪酬激励对企业价值的影响研究

Research on the Impact of Executive Compensation Incentives on Corporate Valuein the Full Glare of Media Publicity

以2012-2019年沪深A股上市公司数据为研究对象,探究媒体关注下高管薪酬激励对企业价值的影响。研究结果表明:高管薪酬激励有利于提升企业价值,而无论媒体来源于网络还是报刊,媒体报道数和媒体负面报道数均对二者关系存在积极影响。通过对企业产权属性的划分,发现上述关系在非国有企业中表现得更为突出。

Taking the data of A-share listed companies in Shanghai and Shenzhen from 2012 to 2019 as the research object,this paper explores the impact of executive compensation incentives on corporate value in the full glare of media publicity.The research results indicate that executive compensation incentives are beneficial for improving corporate value,and whether the media source is the Internet or newspapers,both the total number of media reports and the number of negative media reports exert a positive impact on the relationship between the two.After distinguishing the property right attributes of enterprises,this paper finds that the above relationship is more prominent in non-state-owned enterprises.By dividing the property rights attributes of enterprises,it is found that the above relationship is more prominent in non-state-owned enterprises.