CAJ | 학술논문

文章基于前人对高管报酬理论研究的基础上，对有可能影响高管报酬的因素进行了实证检验，发现高管报酬与销售额显著正相关，与利润、总资本额的相关性也较强；报酬与行业的相关性小于与地区的相关性而与股东权益是负相关的；高管持股比例低，股票激励作用不明显。研究结果说明我国高管报酬虽然已初具合理性但仍有有待改进的方面。
문장기우전인대고관보수이론연구적기출상，대유가능영향고관보수적인소진행료실증검험，발현고관보수여소수액현저정상관，여리윤、총자본액적상관성야교강；보수여행업적상관성소우여지구적상관성이여고동권익시부상관적；고관지고비례저，고표격려작용불명현。연구결과설명아국고관보수수연이초구합이성단잉유유대개진적방면。
In this paper, we based our study on previous theoretical analysis on CEO compensation. After making an empirical test on the facts that may affect CEO compensation, we found that CEO compensation has significant positive correlation with sales amount of the company ; CEO compensation also related to profit and asset ; the correlation between compensation and industry is smaller than the correlation between compensation and district ; compensation is negatively correlated to owner＇s equity; the ration of shares owned by CEO is small and stock stimulation do not have significant effect. From the result we can see that CEO compensation in China is becoming with reason but still has certain aspects to be improved.