| 中国民营上市公司高管薪酬的影响因素——基于动态面板模型的实证分析 |
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| 引用本文： | 贺彩银,陈开军,陈蓉. 中国民营上市公司高管薪酬的影响因素——基于动态面板模型的实证分析[J]. 经济与管理, 2013, 0(8): 55-60 |
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| 作者姓名： | 贺彩银 陈开军 陈蓉 |
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| 作者单位： | 1. 西北民族大学 经济学院,甘肃 兰州,730030
2. 西北师范大学 经济学院,甘肃 兰州,730070 |
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| 基金项目： | 国家社科青年项目(11CJY002)；西北师范大学2010年度青年教师科研能力提升计划 |
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| 摘 要： | 选取2003至2010年间三大地区、十一大类行业的207家民营上市公司作为样本,基于系统广义矩估计方法分析民营上市公司高管薪酬的影响因素。结果显示:产权更为清晰、市场化导向更为明确的民营上市公司高管薪酬具有显著的粘性特征,高管薪酬还受到公司经营业绩、公司资本结构、公司规模等因素的正向影响。中国民营上市公司高管薪酬在一定程度上发挥了激励作用。
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| 关 键 词： | 高管薪酬 粘性 经营业绩 资本结构 |
An Empirical Study On the Influence Factors of Top Managerial Compensation in Chinese Private Listed Companies---Based on Dynamic Panel Data Model |
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| He Caiyin , Chen Kaijun , Chen Rong. An Empirical Study On the Influence Factors of Top Managerial Compensation in Chinese Private Listed Companies---Based on Dynamic Panel Data Model[J]. Economy and Management, 2013, 0(8): 55-60 |
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| Authors: | He Caiyin Chen Kaijun Chen Rong |
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| Affiliation: | 1.School of Economics, Northwest University for Nationalities, Lanzhou 730030, China; 2.School of Economics, Northwest Normal Uiversity, Lanzhou 730070, China) |
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| Abstract: | This paper studies the influence factors of top managerial compensation by selecting 207 private listed companies in three region and eleven industries between 2003 and 2010. It uses system GMM estimation method to find the factors of top managerial compensation in China＇s private listed companies. The results shows that it has been positively correlated with business performance, firm＇s capital structure and size. And also top managerial compensation is sticky. Overall, the compensation system can give full play to its functions of incentive. |
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| Keywords: | Top managerial compensation Stickiness Operating performance Capital structure |
| 本文献已被 CNKI 维普 万方数据 等数据库收录！ |
