银行持股与公司在职消费的实证研究——基于沪深A股上市公司经验数据  被引量:2

Empirical Study on Bank Shareholding and On-the-Job Consumption in Companies——Empirical Data Based on A-Share Listed Companies in Shenzhen and Shanghai Stock Exchanges

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作  者:李志军[1] 龙健华[1] 廖霞如[1] 

机构地区:[1]湖南工业大学财经学院,湖南株洲412007

出  处:《云南财经大学学报》2013年第6期136-145,共10页Journal of Yunnan University of Finance and Economics

摘  要:在职消费是各国公司普遍存在的现象,是代理成本的表现之一。以2005—2011年沪深A股上市公司为观察样本,实证研究银行持股与在职消费的情况,结果发现银行持股可以减少整个A股上市公司的在职消费情况,在国有上市公司中尤为突出,随着银行持股比例增加,在职消费也减少;而在非国有企业中,银行持股可减少在职消费,随着银行持股比例的增加,在职消费也会随之增加,但并不显著。On - the - job consumption is widely existed in companies around the world, and it is one of the indications of agency cost. By taking A - share listed companies in Shenzhen and Shanghai stock exchanges from 2005 to 2011 as research objects, the paper empirically studies bank shareholding and on-the-job consumption, and the results show that bank shareholding can decrease on - the - job consumption of A - share listed companies as a whole, especially in state - owned listed companies. With the increase of bank shareholding proportion, on - the - job consumption decreases; however, in non- state- owned companies, bank sbareholding can re-duce on - the - job consumption, but with the increase of bank shareholding proportion, on - the-job consumption also increases insignificantly.

关 键 词:银行持股 在职消费 高管薪酬 股权多元化 

分 类 号:F832.5[经济管理—金融学]

 

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