华东经济管理
華東經濟管理
화동경제관리
EAST CHINA ECONOMIC MANAGEMENT
2014年
12期
109-116,172
,共9页
高管团队%薪酬不公平程度%公司绩效%面板数据
高管糰隊%薪酬不公平程度%公司績效%麵闆數據
고관단대%신수불공평정도%공사적효%면판수거
top management team%pay inequity%corporate performance%panel data
文章以安徽上市公司为例研究公司高管团队核心成员与非核心成员之间薪酬不公平程度及其对公司绩效的影响。首先,构建公司高管团队薪酬不公平程度指标,提出高管投入差异和薪酬不公平程度的研究假说。然后,运用2006-2012年安徽上市公司的非平衡面板数据,求出公司高管团队薪酬不公平程度并检验研究假说。最后,对安徽上市公司高管团队薪酬不公平程度和公司绩效之间关系进行了实证研究。研究结果显示,高管团队薪酬不公平程度和公司绩效之间关系处于倒“U”型曲线的上升区域,且接近倒“U”形曲线的顶点位置。
文章以安徽上市公司為例研究公司高管糰隊覈心成員與非覈心成員之間薪酬不公平程度及其對公司績效的影響。首先,構建公司高管糰隊薪酬不公平程度指標,提齣高管投入差異和薪酬不公平程度的研究假說。然後,運用2006-2012年安徽上市公司的非平衡麵闆數據,求齣公司高管糰隊薪酬不公平程度併檢驗研究假說。最後,對安徽上市公司高管糰隊薪酬不公平程度和公司績效之間關繫進行瞭實證研究。研究結果顯示,高管糰隊薪酬不公平程度和公司績效之間關繫處于倒“U”型麯線的上升區域,且接近倒“U”形麯線的頂點位置。
문장이안휘상시공사위례연구공사고관단대핵심성원여비핵심성원지간신수불공평정도급기대공사적효적영향。수선,구건공사고관단대신수불공평정도지표,제출고관투입차이화신수불공평정도적연구가설。연후,운용2006-2012년안휘상시공사적비평형면판수거,구출공사고관단대신수불공평정도병검험연구가설。최후,대안휘상시공사고관단대신수불공평정도화공사적효지간관계진행료실증연구。연구결과현시,고관단대신수불공평정도화공사적효지간관계처우도“U”형곡선적상승구역,차접근도“U”형곡선적정점위치。
The paper studies the pay gap between core members and non-core members of top management team and its im?pact on corporate performance based on the evidence from the listed companies in Anhui province. Firstly, it constructs the indicators of pay inequity of the company’s top management team and puts forward the research hypothesis of pay differenc?es and inequity. Secondly, using the non-balance panel data of listed companies in Anhui province during the year of 2006 to 2012, it calculates the pay inequity of top management team and tests the research hypothesis. Finally, it carries out an empirical analysis on the relationship between the pay inequity of top management team and corporate performance of the listed companies in the province. The results show that the relationship between them is in the rising area of the inverted“U”shaped curve, and closes to the vertex position of the“U”shaped curve.