出版企业管理层激励效应与保障机制研究

有效的管理层激励机制能够鼓励企业管理者努力工作,促使管理者与股东的利益趋于一致,是企业解决委托代理问题、吸引和留住优秀管理型人才的关键。以2008—2017年24家出版业上市公司为研究样本,分析出版企业管理层薪酬契约激励现状,针对管理层薪酬与业绩关联较弱、薪酬激励水平不足及管理层持股比例低等问题,从业绩考核评价体系的完善、薪酬激励力度的确定与股权激励机制的构建等角度,提出改善出版企业管理层薪酬契约的保障机制,以期对企业公司治理机制的完善有所裨益。

Research on Management Incentive Effect and Guarantee Mechanism of Publishing Enterprises

An effective salary incentive mechanism can encourage executives to work hard and converge the interests of executives and shareholders. It is key for publishing enterprises to solve the problem of principal-agent and attract and retain excellent management talents. Therefore, based on the data of listed companies in the publishing industry from 2008 to 2017, this study analyzes the status quo of executive compensation incentives of publishing enterprises. In view of the questions such as the weak correlation between executive compensation and performance, the insufficient level of salary incentives and the low proportion of managerial ownership, this study gives the countermeasures and suggestions from the perspective of the improvement of the performance evaluation system, the determination of the salary incentives level and the construction of the equity incentive mechanism to improve the executive compensation incentive mechanism, in order to help perfect the corporate administrative mechanism of publishing enterprises.