中小企业板上市公司高管激励效果的实证研究

本文对中小企业板上市公司高管激励的效果进行了实证研究。结果表明：高管薪酬和持股比例与公司业绩显著正相关,中小企业板上市公司的高管激励机制总体而言是有效的。     

国有企业高管薪酬激励水平对费用粘性的影响

文章以2008年至2011年274家国有上市公司为观测样本,研究高管薪酬激励水平对费用粘性的影响。以高管货币薪酬在高管货币性薪酬与权益性薪酬两者中的比重作为薪酬激励水平,进而探讨两者关系。研究结果表明:国有上市公司存在费用粘性,而且高管薪酬激励水平对费用粘性产生负向影响。     

上市公司高管薪酬激励与盈余管理实证分析

本文以2001年至2005年的上市公司为样本,分析了上市公司高管年薪与盈余管理之间的关系,结果发现：操纵性应计对上市公司高管年薪存在显著影响,但影响程度小于经营活动现金流与非操纵性应计;非经常性损益对增高管年薪的作用并不显著;上市公司高管年薪与盈余管理的相关关系随着高管年薪与报告利润的相关性的加强而加强;操纵性应计对高管年薪的影响取决于操纵前的利润是否已达到既定的盈余目标——如果操纵前利润已达到既定的盈余目标,操纵性应计对高管年薪没有显著影响,反之,如果操纵前利润没有达到既定的盈余目标,操纵性应计能够显著增加高管年薪。     

我国石油行业高管薪酬激励制度研究

石油企业在社会主义市场经济发展过程中起着重要作用。而对于高管薪酬管理也成为了公司中至关重要的环节。目前,石油行业对高层管理者的激励制度仍需进一步深化完善,尤其是薪酬方面。激励机制能够促进代理 双方目标一致,确保在人才紧缺的大环境下,对人力资源进行有效利用和高效配置。本文通过一系列的理论综述并参考相关文献,根据我国石油行...     

上市公司高管薪酬激励导向及影响激励实证研究

薪酬契约激励导向是公司薪酬体系设计的总体原则,是公司文化、经营理念在薪酬体系上的反应,引导管理层行为。本文研究发现,上市公司薪酬具有显著福利导向性;对于国有性质上市公司,高管短期显性固定薪酬、风险收益、行业属性对公司绩效影响显著;对于非国有性质上市公司不具有显著性。     

股权激励模式下高管薪酬问题研究

正一、引言薪酬激励是现代公司治理中的重中之重,薪酬激励机制的合理与否关系到员工的积极性,关系到公司的业绩,甚至是公司的未来发展。国内外的研究学者也对薪酬进行了理论、实证等一系列的研究。最优契约理论和管理权力理论这两个互补的理论,对高管薪     

我国垄断国有企业高管薪酬激励问题探析

垄断国有企业在我国经济发展中起着举足轻重的作用,然而其内部存在诸多问题,尤其是高管薪酬激励问题。我们要及时地采取措施进行完善,例如实行薪酬激励的市场化运作;加强对高管薪酬的监督;制定科学合理的薪酬标准体系等。     

我国上市公司高管薪酬决定因素的实证研究

文章通过最优尺度回归模型对影响高管薪酬的不同类型变量按重要性进行了综合排序,发现公司业绩和公司所在经济区域是最重要的决定因素;进一步的多变量线性回归分析发现,高管薪酬与公司业绩、公司规模、高管学历、高管年龄显著正相关,与高管持股比例的关系存在区间特征,与两职兼任的关系不显著;在与行业和地区的关系上,受部分行业和部分地区的影响较为显著.     

透析我国民营企业家的管理缺陷

我国民营企业家在管理方面主要存在的缺点表现为:管理思想理念陈旧、战略规划水平低下和企业管理能力欠缺.文章指出我国民营企业家管理缺陷源于重实践轻理论、重眼前轻长远的实用主义思想,并剖析了4个具体的错误思想认识,论述了"把企业建设成学习型企业"是消除我国民营企业家管理缺陷的关键措施.     

The Economic Incentives and Consequences of Land Write-Ups

Firms in Taiwan are allowed to write up their assets when certain conditions are met. Tax benefits from higher depreciation expenses are granted to encourage corporate investment and capital maintenance. Land write-ups, unlike write-ups of depreciable assets, do not generate tax benefits. This paper investigates the economic incentives for firms in Taiwan to write up their land, and the security price reactions to land write-ups.
An analysis of annual financial data for the manufacturing firms listed in the Taiwan Exchange between 1982 and 1992 shows that firms write up their land by a larger amount when raising capital. Firms with relatively higher debt-asset ratios write up their land by a larger amount. Furthermore, the capital raised was invested in working capital or operational assets, but not in securities of other firms. The results suggest that land write-ups may reduce firms' difficulties in raising external capital, and may enhance corporate investments. The result from capital market analysis offers weak evidence that land write-ups are positively correlated with the market adjusted rate of returns of a firm's stock.     

东边道建设对东北经济发展影响分析

回顾＂东边道＂铁路的概况,分析了＂东边道＂铁路建设的区域价值,探讨了＂东边道＂铁路建设对东北经济发展的战略影响。最后给出＂东边道＂建设与发展的推进方向与采用的模式。     

Incentives Management During Privatization: An Agency Perspective

abstract    This paper explains, through a field study and from an agency perspective, how monitoring and incentive alignment mechanisms change to support the interests of a privatized firm's new ownership. In this case, privatization led to important changes in the board of directors and to more formal performance evaluation and compensation systems for top managers, as profitability and financial control gained relevancy with the firm ownership change. Our results show that differences in incentives management before and after privatization are due to different agency relations in the two periods. We also argue that in a privatization framework the relation between monitoring and incentive alignment mechanisms is complex, not simply substitutive as agency theory would predict, and this finding allows us to refine and extend agency theory for this specific context.     

EVA在管理层激励中的应用

目前，我国企业的员工激励计划中存在着很多问题。这些问题为管理层造假或者任意调整会计政策和利润提供了机会，并使得管理层与股东层处于对立的状态。为高级管理层设立的期权激励制度也存在激励面窄、只奖不罚的问题。EVA指标及EVA红利银行制度的引进很好地解决了这些问题。     

建筑业诚信缺失的经济学分析

本文通过对我国建筑业中诚信缺失现象进行的客观阐述,从经济学层面深入剖析诚信缺失现象产生的根本原因,并给出了应对措施.     

对我国企业管理创新问题的探究

文章引出了企业管理创新的概念,分析企业管理创新的必要性和企业管理创新的未来发展趋势,并针对我国现代企业管理现状,提出相应的战略措施与解决途径.     

知识产权管理的经济学探析

知识产权是经济社会发展的产物,各类微观经济体对知识产权的科学运用和管理有利于维护和提升自身的核心竞争力。作为宏观经济的调控者,现代国家对知识产权的保护、干预及管理一方面可以推动全社会技术创新、促进无形资产的总量增长,另一方面可以促进和维护社会公共利益及公平正义。论文从微观经济和宏观经济两个维度对知识产权管理进行了有益的探析,以期为相关经济管理活动提供可借鉴的视角。     

Hospital Reimbursement Incentives: An Empirical Analysis

Reimbursement systems for health-care providers are very complex, like the production systems that they regulate. This complexity has led to some important misperceptions about the incentive consequences of major reimbursement reforms. One example is the prospective payment system (PPS), developed to provide "high-powered" incentives through fixed prices for hospital admissions for the US elderly. In fact, various features of the DRG system allow reimbursement to vary with actual treatment decisions during an admission, and so are not prospective. This paper develops a general method for measuring actual reimbursement incentives in complex regulated price systems. The method uses regression techniques with variance decompositions to quantify the effects of particular features of the payment system on prospective and retrospective cost sharing, as well as overall generosity of payments. I apply this method to microdata on 20 percent of Medicare hospital admissions in 1987 and 1990 to summarize the incentives created by PPS in practice, and how the incentives are evolving over time. I show that PPS involves limited and decreasing cost sharing with hospitals, most of which is not prospective. The reimbursement incentives vary substantially across diagnoses, demographic groups, and types of intensive treatments, possibly with important implications for hospital behavior and medical expenditure growth. The techniques developed here can be used to analyze a broad range of provider reimbursement mechanisms.     

物流市场管制的经济分析

从管制理论的角度分析了物流市场失灵，从成本-效益角度进行物流市场管制的经济分析，以及物流市场管制中需要注意的问题，最后阐述了建立完善的物流市场经济体制需要适当的物流市场管制，才能节约交易费用，提高物流市场的整体运行效益。