基于生产要素密集度的高管人员报酬激励与公司绩效研究  

Research on Relationship Between Managerial Remuneration and Corporate Performance From the Factor-intensive Point

作　　者：杨忠诚[1] 王宗军[1] 

机构地区：[1]华中科技大学管理学院,湖北武汉430074

出　　处：《财经论丛》2008年第2期97-102,共6页Collected Essays on Finance and Economics

摘　　要：本文研究了不同要素密集产业上市公司高管报酬激励与公司绩效的关系。实证结果表明,在不同的要素密集产业类型中,高管报酬激励对公司绩效影响不同。在劳动密集型公司中,高管持股比例和高管年度收入与公司绩效呈显著正相关关系。而在技术密集型公司和资本密集型公司中,高管报酬激励变量与公司绩效不存在显著相关关系。另外,研究还发现国有终极产权不利于公司绩效的改善,对公司绩效有负面影响。The paper explores the relationship between managerial remuneration and firm performance of different factorintensive industry. The empirical results reveal there are difference in managerial remuneration and firm performance of various industries. The proportion of managerial shareholding and managerial year revenue are significantly positive to corporate performance in the labor-intensive industry, but is not to the tech-intensive industry and capital-intensive industry. The results also show the state ultimate ownership is significantly negative to the corporate performance.

关 键 词：要素密集产业 高管人员报酬 公司绩效 

分 类 号：F276.6[经济管理—企业管理]