摘要
本文以北京高技术上市公司作为研究样本,选取公司业绩、市值、规模、成长性、股权集中度等指标作为分析变量,构建了公司高管薪酬因果分析模型。通过控制变量共线性后发现:公司规模水平和经营业绩水平对高管薪酬均产生正面直接影响,其中公司规模的影响效果更为显著;他们又通过"股票市值"这一中介变量对高管报酬产生间接影响,公司上市年限对高管报酬水平有间接影响。根据研究结果,提出了针对性的管理建议。
The paper analyzes the top ranking officers＇ （TRO） compensation using the data about enterprise performance, size, market capitalization, concentration ratio of equity, growth etc. By controlling the co-linearity of independent variables, we find a significant positive relationship between company size and top ranking officers＇ compensation as well as between company performance and TRO compensation, and the effect of the former is stronger than the latter. We also find the evidence that the time span since companies listing has only indirect effect on TRO compensation. Finally some suggestion is given for improving the systems of TRO compensation.
出处
《中国科技论坛》
CSSCI
北大核心
2010年第7期123-128,共6页
Forum on Science and Technology in China
基金
北京市学术创新团队<北京高新技术企业发展的动力机制与效用研究>项目资助
关键词
高技术企业
高管薪酬水平
路径分析
high-tech enterprise
top ranking officers＇ compensation
path analysis
