企业高管薪酬存在智能化红利吗  

Is There an Intelligent Bonus in Enterprise Executive Compensation

作　　者：倪一宁 马野青[1] 王自锋[2] NI Yi-ning;MA Ye-qing;WANG Zi-feng(Nanjing University,Nanjing 210093;Nankai University,Tianjin 300071,China)

机构地区：[1]南京大学商学院,江苏南京210093 [2]南开大学经济学院,天津300071

出　　处：《当代财经》2023年第9期97-110,共14页Contemporary Finance and Economics

基　　金：教育部人文社会科学重点研究基地重大项目“开放发展与长三角区域高质量一体化发展研究”(22JJD790035);国家自然科学基金青年项目“反倾销引致贸易政策不确定性的影响研究”(71803079)。

摘　　要：企业智能化发展对高管薪酬的影响受到社会各界的广泛关注。通过选取中国上市公司样本测度企业智能化发展程度,实证检验企业智能化发展对高管薪酬影响的结果表明:企业智能化发展与高管薪酬之间呈倒U型关系;在技术密集型企业、高研发强度企业、民营企业、较大智能化规模企业、高人力资本水平企业以及存在非核心成员高管的情况下,企业智能化发展对高管薪酬的影响更显著;企业智能化发展通过企业治理结构优化和生产率效应两条渠道以及人工智能技术的空间溢出效应影响高管薪酬;企业智能化发展缩小了高管与普通员工之间的薪酬差距,但拉大了不同学历高管之间的薪酬差距。上述结论为新时代中国更好地利用智能化实现经济高质量发展,以中国式现代化全面推进中华民族伟大复兴提供理论依据和政策建议。The impact of enterprise intelligent development on enterprise executive compensation has attracted wide attention from all walks of life.By selecting the samples of China's listed companies,this paper measures the degree of enterprise intelligent development,and empirically tests the impact of enterprise intelligent developmenton enterprise executive compensation.The findings show that there is an inverted U-shaped relationship between enterprise intelligent development and executive compensation.The impact of enterprise intelligent development on enterprise executive compensation is more significant in the technology-intensive enterprises,enterprises with high R&D intensity,private enterprises,large scale intelligent enterprises,enterprises with higher human capital level,and enterprises with executives who are not core members.The enterprise intelligent development can influence executive compensation through the two channels of enterprise governance structure optimization and productivity effect,as well as the spatial spillover effect of intelligent technology.The enterprise intelligent development has narrowed the compensation gap between executives and ordinary employees,but widened the compensation gap between executives with different education background.The above-mentioned conclusions provide theoretical basis and policy suggestions for China to make better use of intelligence to achieve high-quality economic development and comprehensively promote the great rejuvenation of China with Chinese modernization in the new era.

关 键 词：企业智能化 高管薪酬 空间溢出效应 薪酬差距 

分 类 号：F272[经济管理—企业管理]