CAJ | 학술논문

本文以沪深两市上市的14家商业银行为研究对象,基于内部人控制的角度来分析我国上市商业银行高管高薪问题,并选取2005-2009年年报披露的数据进行实证分析。结果表明,高管薪酬不仅与银行的绩效、资本充足率显著相关,从内部人控制角度来看,独立董事比例与高管薪酬显著负相关,董事会中经理任职比例越高,高管薪酬也越高;同时,高管薪酬与第一大股东的持股性质显著负相关,而监事会人数对高管薪酬影响不显著,说明监事会监督乏力,监事会制度有待完善。
본문이호심량시상시적14가상업은행위연구대상,기우내부인공제적각도래분석아국상시상업은행고관고신문제,병선취2005-2009년년보피로적수거진행실증분석。결과표명,고관신수불부여은행적적효、자본충족솔현저상관,종내부인공제각도래간,독립동사비례여고관신수현저부상관,동사회중경리임직비례월고,고관신수야월고;동시,고관신수여제일대고동적지고성질현저부상관,이감사회인수대고관신수영향불현저,설명감사회감독핍력,감사회제도유대완선。
The paper studies 14 commercial banks listed in Shanghai and Shenzhen stock markets, and analyzes the issue of top management high compensation in China＇s commercial banks from the perspective of internal control. We select data from annual reports during 2005-2009 to conduct empirical analysis. The results show that the compen- sation of executives significantly relates to the performance and capital adequacy ratio of banks. From the perspective of internal control, the proportion of independent director on the board negatively correlates to executive compensation, and the proportion of managers on the board is positively correlated to the top management compensation. The number of supervisors on the board has no significant effect on executive pay, which indicates that the system of supervisors needs to be improved.