对外经贸
對外經貿
대외경무
Heilongjiang Foreign Economic Relations & Trade
2015年
9期
113-119
,共7页
高管变更%核心高管%管理层权力%薪酬差距
高管變更%覈心高管%管理層權力%薪酬差距
고관변경%핵심고관%관리층권력%신수차거
top management turnover%key executive%managerial power%pay dispersion
运用2005—2012年我国 A 股上市公司数据，基于核心高管变更视角分析管理层权力与高管团队薪酬差距的关系，得出以下结论：相对于核心高管未发生变更的公司来说，发生核心高管变更公司的管理层权力较小；核心高管发生变更的企业，管理层权力与高管薪酬差距显著负相关或者不相关；核心高管变更会降低管理层权力—高管薪酬差距的敏感性。
運用2005—2012年我國 A 股上市公司數據，基于覈心高管變更視角分析管理層權力與高管糰隊薪酬差距的關繫，得齣以下結論：相對于覈心高管未髮生變更的公司來說，髮生覈心高管變更公司的管理層權力較小；覈心高管髮生變更的企業，管理層權力與高管薪酬差距顯著負相關或者不相關；覈心高管變更會降低管理層權力—高管薪酬差距的敏感性。
운용2005—2012년아국 A 고상시공사수거，기우핵심고관변경시각분석관리층권력여고관단대신수차거적관계，득출이하결론：상대우핵심고관미발생변경적공사래설，발생핵심고관변경공사적관리층권력교소；핵심고관발생변경적기업，관리층권력여고관신수차거현저부상관혹자불상관；핵심고관변경회강저관리층권력—고관신수차거적민감성。
Based on the perspective of key executives turnover,we use 2005 -2012 A -share listed company data to analyze the relationship between the managerial power and executive pay gap.This paper showed that managerial power was smaller than those companies in which no key executive turnover occurs.And managerial power and executive pay gap were negative correlated significantly or uncorrelated when key executive had been replaced.Key executive turnover weaken positive relation-ship between managerial power and TMT pay gap.
