我国上市公司高管人员薪酬与业绩相关性的研究

文章以我国上市公司为对象,结合中国社会科学院公布的中国上市公司100强治理评价报告和上市公司年报公布的数据,探讨了高管人员的薪酬与业绩之间的关系。通过分析,得出两者之间没有明显的相关性,即高管的薪酬不是由公司的业绩决定。表明单一现金固定年薪制不合理,薪酬所起到的激励作用很小,应该将固定收入与风险收入相结合,提出采用年薪制度与股票期权制结合的方式来改革薪酬制度。

The Study of the Correlation between Pay and Performance of Chinese Listed Companies

This paper used the top 100 Chinese listed companies governance evaluation report which announced by the Chinese Academy of Social Sciences and the annually published data of listed companies.To find that there is not relationship between pay and performance.The incentive pays to play a small role;it should be fixed-income and risk of combining income,so using the annual salary system and the stock options to reform the combination of pay system is a good way to take this problem.