高管晋升锦标赛激励与企业社会责任：来自上市公司的证据  

Tournament Motivation for Executives’ Promotion and Corporate Social Responsibility:Evidences from Listed Companies

作　　者：章琳一[1] ZHANG Lin-yi(Jiangxi University of Finance and Economics, Nanchang 330013, China)

机构地区：[1]江西财经大学会计学院

出　　处：《当代财经》2019年第10期130-140,共11页Contemporary Finance and Economics

基　　金：教育部人文社会科学研究青年基金项目“高质量审计、晋升锦标赛与机会主义行为研究”(18YJC790227);教育部人文社会科学研究青年基金项目“内部控制优势富集效应、晋升锦标赛与企业社会责任研究”(19YJC790182);江西省社会科学规划项目“融资融券、审计意见与经济决策”(17BJ07);江西省高校人文社会科学研究规划项目“地理距离、独立董事监督与财务报告质量”(GL18126);江西省教育厅科学技术研究项目“不确定性下的信贷政策宏观冲击对公司会计稳健性影响研究”(GJJ170347)

摘　　要：利用2003—2016年中国A股上市公司的数据,采用薪酬差距度量高管晋升锦标赛激励,分析了高管晋升锦标赛激励与企业社会责任之间的关系。研究发现:高管晋升锦标赛激励会促使企业承担更多的社会责任。进一步研究发现:高管对未来晋升概率的感知会影响高管晋升锦标赛激励与企业社会责任之间的关系,高管晋升概率越高,高管晋升锦标赛的激励效应越强,越能促进企业承担社会责任;如果继任高管是来自业绩好的低级别高管,晋升锦标赛激励的效果更好。By making use of the data from the A-share listed companies during the period of 2003-2016, this paper analyzes the relationship between the tournament motivation for executives' promotion and corporate social responsibility through measuring the tournament motivation for executives' promotion with compensation gap. The findings reveal that the tournament motivation for executives' promotion can stimulate the enterprises to bear more social responsibilities. The further analysis finds out that the perception of the executives towards the probability of the future promotion will affect the relationship between the tournament motivation for executives' promotion and the corporate social responsibilities, the higher the probability of executives' promotion, the stronger the incentive effect will be, and the enterprises will be promoted to bear more social responsibilities. If the succeeding executive was a lower-rank executive with excellent performance, the effect of tournament motivation for promotion will be better.

关 键 词：高管 晋升激励 社会责任 CEO变更 

分 类 号：F272.3[经济管理—企业管理]