| 经理层声誉与薪酬关系研究——来自上市公司的经验证据 |
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| 引用本文： | 刘红霞,李辰颖.经理层声誉与薪酬关系研究——来自上市公司的经验证据[J].经济与管理研究,2011(5). |
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| 作者姓名： | 刘红霞 李辰颖 |
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| 作者单位： | 1. 中央财经大学会计学院,北京,100081
2. 中央财经大学,北京,100081 |
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| 基金项目： | 北京市教育委员会共建项目专项资助 |
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| 摘 要： | 代理人声誉与薪酬共同构成了委托人对代理人的激励机制,经理层的声誉作为其一项重要的个人特征,对其薪酬有怎样的影响?以目前国内外实证研究中常用的媒体曝光率作为经理层声誉的代理变量,分别从现金薪酬和股权薪酬两方面研究经理层的声誉与薪酬的关系。实证结果发现,在控制了企业规模、绩效、行业、地域、经理层年龄、管理层持股比例、董事会规模等因素的影响后,经理层的声誉与其薪酬显著正相关,也即经理层的声誉越好,其薪酬越高。
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| 关 键 词： | 经理层 声誉 现金薪酬 股权薪酬 |
Relationship between CEO Reputation and Compensation——Evidence from Listed Companies |
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| LIU Hong-xi,LI Chen-ying.Relationship between CEO Reputation and Compensation——Evidence from Listed Companies[J].Research on Economics and Management,2011(5). |
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| Authors: | LIU Hong-xi LI Chen-ying |
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| Institution: | LIU Hong-xia,LI Chen-ying (Central University of Finance and Economics,Beijing 100081) |
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| Abstract: | The agent's reputation and compensation together constitute the principal incentives for agents,CEO's reputation as an important personal characteristic,what kind of impact on their compensation? So using media exposure as a proxy for CEO reputation which is used commonly in empirical studies domestic and international,respectively,from cash compensation and equity-based compensation to study both the CEO's pay.Empirical results show that,after controlling the factors of firm size,performance,industry,geogr... |
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| Keywords: | CEO Reputation Cash Compensation Stock - Based Compensation |
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