西安石油大学学报（社会科学版）
西安石油大學學報（社會科學版）
서안석유대학학보（사회과학판）
Journal of Xi'an Shiyou University (Social Sciences)
2015年
6期
40-45
,共6页
高管离职%股权激励%减持套现%盈利能力
高管離職%股權激勵%減持套現%盈利能力
고관리직%고권격려%감지투현%영리능력
executives turnover%equity incentive%cash holdings%profitability
根据深市创业板420家上市公司高管离职及持股情况，利用 Logistic 模型对高管离职的因素进行实证分析。结果发现：高管持股比例越大，离职的可能性越小；企业的盈利能力越好，高管离职的可能性越低；企业的独立董事人数越多，外部监管制度越好，高管离职的可能性越大。据此提出了建立合理的高管薪酬与持股比例，完善上市公司高管薪酬信息披露等措施。
根據深市創業闆420傢上市公司高管離職及持股情況，利用 Logistic 模型對高管離職的因素進行實證分析。結果髮現：高管持股比例越大，離職的可能性越小；企業的盈利能力越好，高管離職的可能性越低；企業的獨立董事人數越多，外部鑑管製度越好，高管離職的可能性越大。據此提齣瞭建立閤理的高管薪酬與持股比例，完善上市公司高管薪酬信息披露等措施。
근거심시창업판420가상시공사고관리직급지고정황，이용 Logistic 모형대고관리직적인소진행실증분석。결과발현：고관지고비례월대，리직적가능성월소；기업적영리능력월호，고관리직적가능성월저；기업적독립동사인수월다，외부감관제도월호，고관리직적가능성월대。거차제출료건립합리적고관신수여지고비례，완선상시공사고관신수신식피로등조시。
According to the situations of senior executive turnover and shareholding in 420 listed compan-iesof Shenzhen GEM,the Logistic regression model was used to make an empirical analysis on the influencing factors of senior executives separation. The results showed that the more shares the executives held,the smaller the possibility of their separation was;the better the Enterpriseˊs profit ability,the less likely the executives left;the more independent directors the company had,the better the external supervision system,the greater the chance of executive turnover. Accordingly,it is suggested to set up reasonable executive pay and shareholding proportion,and to perfect the information disclosure of executive salary in listed company.
