非财务指标融入分部经理激励契约设计的研究

通过问卷调查的方式,研究了分部经理间战略协同程度、分部经理关于分部的私人信息数量、分部经理对分部短期财务业绩的影响以及分部经理对分部长期财务业绩回报的影响四个因素在分部经理契约设计中确定非财务指标权重的作用。研究发现,分部间的战略协同程度越高,分部经理激励契约中的非财务指标权重就越高;分部经理关于分部的私有信息越多、分部经理对分部短期财务业绩的影响越大,分部经理激励契约中非财务指标的权重就越低。这一研究结果为现有关于非财务指标的理论研究提供了实证证据,也对分部经理的契约设计有一定的启发意义。

A Survey Research on Combining Non-financial Performance Measures into the Design of Divisional Managers' Incentive Contracts

This paper discusses the following four factors in determining the weights of the non-financial performance measures in divisional managers' contract design through questionnaire survey method.They are strategy synergy degree between divisional managers,the divisional managers' private information quantity,divisional manager influence on divisional short-term financial performance and long-term financial performance.The results show that the higher the degree between divisional strategy synergy,the higher t...