上市公司高管薪酬激励与公司绩效的实证研究

《上市公司高管薪酬激励与公司绩效的实证研究》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、AbstractTitle：EMPlRlCALSTUDYONTHELlSTEDCOMPANYEXECUTlVECOMPENSATlONANDPERFORMANCEMajor；AccountingName：YanxiaHUANGSupervisor：AssociateProfessorShuanxingZHANGAbstractsignature-丛!!蛔Signature逝蚴叼AfterlistedcompaniesinChinadisclosedtheinformationabouttheholdingsofseniormanagementandannu

2、alreturnsin1998，thedomesticsecuritiesmarketandlistedcompaniesstarttofocusonexecutivecompensationincentives，theempiricalstudyonexecutivecompensationincentivesandcorporateperformanceinacademicworldalsograduallyincrease．ThisstudyinvestigatestherelationshipoflistedcompaniesinChinabetw

3、eenexecutivecompensationandcorporateperformancebytheempiricalresearchmethod．Inthispaper，outofthedefectofpreviouscrosssection，throughthecollectionofannualfinancialdataoflistedcompaniesinChinafromtheyear2006totheyear2009，conductsacomprehensiveprocessanalysisusingcontinuousresearchme

4、thods，andexaminestherelationshipofdifferentregionsanddifferentindustrypropertyexecutivecompensationincentivesandcorporateperformancebyusingcorrelationanalysis．Bycomparison，thestabilityofthemodelisverified．Theresultsobtained，theperformanceoflistedcompaniesandexecutivesannualsalaryh

5、aveasignificantpositivecorrelation；thereisasignificantpositivecorrelationbetweenlistedcompanyperformanceandtheproportionofmanagerialownership；intheselectedfactorswhichimpactexecutivecompensationinthisarticle，executivecompensationoflistedcompaniesandcorporateperformance，firmsize，ow

6、nershipconcentrationaresignificantlycorrelated；executivecompensationandtheproportionofstateshareshaveasignificantnegativecorrelation；executivecompensationisassociatedwiththeownershippercentage，butnotsignificantly；executivecompensationindifferentareaofthelistedcompaniesandcorporate

7、performanceshowedsignificantpositivecorrelation，butitisfoundthatthemoredevelopedregionsthesmallerofthecompensationincentiveeffects；executivecompensationandcorporateperformanceindifferentindustriesofthelistedcompanieshavenotsignificantdiffer．Keywords：ListedCompany；ExecutiveCompensa

8、tion；IncentiveCompensation；Compan