Objective To study the correlation between executive compensation gap and R&D investment of pharmaceutical manufacturing enterprises in China by taking 53 pharmaceutical manufacturing companies in Shanghai and She...Objective To study the correlation between executive compensation gap and R&D investment of pharmaceutical manufacturing enterprises in China by taking 53 pharmaceutical manufacturing companies in Shanghai and Shenzhen stock exchanges from 2015 to 2017 as research samples. Methods Multiple linear regression methods was used to study the relationship and influence between executive compensation gap and R&D investment in pharmaceutical manufacturing industry based on championship theory and principal-agent theory. Results and Conclusion There is a significant positive correlation between executive compensation gap in pharmaceutical manufacturing industry and enterprise R&D investment. Listed pharmaceutical manufacturing enterprises should design reasonable salary gap between senior executives and carry out reasonable research and development activities to promote the sustainable development of pharmaceutical manufacturing enterprises. This study provides theoretical basis for optimizing executive compensation gap and increasing R&D investment in pharmaceutical manufacturing industry.展开更多
This study selected 473 local research articles on executive compensation from core journals in the China Academic Journals(CNKI)full-text database and the Chinese Social Sciences Citation Index(CSSCI)from 2003 to 202...This study selected 473 local research articles on executive compensation from core journals in the China Academic Journals(CNKI)full-text database and the Chinese Social Sciences Citation Index(CSSCI)from 2003 to 2020.Then,the bibliometric analysis method was adopted and conducted in regard to the number of articles published,authors,research institutions,high-frequency keywords,etc.In view of the increasing studies of this field,this study showed that a few scholars and institutions with high academic influence have been involved in the research on executive compensation gap in China.The results from this study revealed that the research on the relationship between executive compensation gap and firm performance as well as the moderating variables between them were topics of interests.In the context of the increasing compensation gap which had become a global interest,the research on management power and promotion incentives have established their significance as important research frontiers.展开更多
Based on data for 2005 to 2012, an analysis of the compensation gap between top executives at different Chinese listed companies reveals the following conclusions. （1） The large compensation gap existing among execu...Based on data for 2005 to 2012, an analysis of the compensation gap between top executives at different Chinese listed companies reveals the following conclusions. （1） The large compensation gap existing among executives at listed Chinese companies--in some years even larger than that between rank-and-file employees--is mainly caused by the exorbitant executive compensation at a minority of companies. （2） Between 2005 and 2012, the compensation gap first widened dramatically and then diminished gradually. The leading factor in this fluctuation was the drastic rise and fall in the level of executive compensation at a handful of financial enterprises. The main reason for the narrowing of the compensation gap is central government regulation, which has helped to curb the excessive growth of executive compensation in society as a whole. （3） Even in the same round of fluctuation, state-owned listed companies differ markedly from non-state-owned listed companies in the way their executive compensation is decided. （4） State-owned listed companies＇ executive compensation strategies and their internal governance structure have not played their due role in moderating the overly rapid growth of their executives＇ compensation or in reducing the compensation gap.展开更多
文摘Objective To study the correlation between executive compensation gap and R&D investment of pharmaceutical manufacturing enterprises in China by taking 53 pharmaceutical manufacturing companies in Shanghai and Shenzhen stock exchanges from 2015 to 2017 as research samples. Methods Multiple linear regression methods was used to study the relationship and influence between executive compensation gap and R&D investment in pharmaceutical manufacturing industry based on championship theory and principal-agent theory. Results and Conclusion There is a significant positive correlation between executive compensation gap in pharmaceutical manufacturing industry and enterprise R&D investment. Listed pharmaceutical manufacturing enterprises should design reasonable salary gap between senior executives and carry out reasonable research and development activities to promote the sustainable development of pharmaceutical manufacturing enterprises. This study provides theoretical basis for optimizing executive compensation gap and increasing R&D investment in pharmaceutical manufacturing industry.
文摘This study selected 473 local research articles on executive compensation from core journals in the China Academic Journals(CNKI)full-text database and the Chinese Social Sciences Citation Index(CSSCI)from 2003 to 2020.Then,the bibliometric analysis method was adopted and conducted in regard to the number of articles published,authors,research institutions,high-frequency keywords,etc.In view of the increasing studies of this field,this study showed that a few scholars and institutions with high academic influence have been involved in the research on executive compensation gap in China.The results from this study revealed that the research on the relationship between executive compensation gap and firm performance as well as the moderating variables between them were topics of interests.In the context of the increasing compensation gap which had become a global interest,the research on management power and promotion incentives have established their significance as important research frontiers.
基金supported by Ministry of Education as a major project in philosophy and social sciences(11JZD015,12JZD030)the Special Fund for Basic Research at Central Universities(2012CXQT11,310400086)
文摘Based on data for 2005 to 2012, an analysis of the compensation gap between top executives at different Chinese listed companies reveals the following conclusions. （1） The large compensation gap existing among executives at listed Chinese companies--in some years even larger than that between rank-and-file employees--is mainly caused by the exorbitant executive compensation at a minority of companies. （2） Between 2005 and 2012, the compensation gap first widened dramatically and then diminished gradually. The leading factor in this fluctuation was the drastic rise and fall in the level of executive compensation at a handful of financial enterprises. The main reason for the narrowing of the compensation gap is central government regulation, which has helped to curb the excessive growth of executive compensation in society as a whole. （3） Even in the same round of fluctuation, state-owned listed companies differ markedly from non-state-owned listed companies in the way their executive compensation is decided. （4） State-owned listed companies＇ executive compensation strategies and their internal governance structure have not played their due role in moderating the overly rapid growth of their executives＇ compensation or in reducing the compensation gap.
