摘要
在对国有控股上市公司高级管理人员的薪酬激励效果进行理论分析的基础上,利用2006年沪深两市422家A股国有控股上市公司的年报数据,对国有控股上市公司高级管理人员薪酬的各类影响因素进行了实证分析。研究结果表明:企业业绩、公司规模、企业中是否有机构投资者、企业所处地区等因素对上市公司高级管理人员的薪酬激励效果有显著的影响,公司的成长性对上市公司高级管理人员的薪酬影响较小,高级管理人员持股总数、公司风险、国家股比例、流通股比例等因素对国有控股上市公司高级管理人员薪酬没有明显的影响。
Based on a theoretical analysis of the remuneration incentive mechanism of state-controlled listed companies, an empirical study has been made on the various impacts on the senior management remuneration in state-owned listed companies in the light of the annual reporting of 422 A-share state holding listed companies from Shanghai and Shenzhen Stock Exchanges in 2006. It shows an obvious incentive effect on the senior management remuneration in the form of the company performance, the size, the locality and any involvement of institutional investors, while the growth potential of the listed company exerts little influence on the remuneration. Accordingly, the total share of the senior executives, the company risk, the proportion of the state shares, the proportion of tradable shares, etc., have no clear influence on the remuneration.
出处
《兰州大学学报（社会科学版）》
CSSCI
北大核心
2010年第1期13-19,共7页
Journal of Lanzhou University（Social Sciences）
基金
国家自然科学基金项目(10772074)
关键词
国有控股上市公司
高级管理人员
薪酬
持股比例
公司业绩
公司规模
公司风险
state-controlled listed company
senior executives
remuneration
share proportion
corporate performance
company size
company risk
