国企高管薪酬影响企业社会绩效的实证研究

基于利益相关者理论,将社会绩效引入高管薪酬显性契约缔约过程,构建了高管薪酬与企业社会绩效关系模型,并以137家国有上市公司为实证样本,采用因子分析、回归分析方法检验了模型的假设关系。研究发现:年薪与企业强社会绩效和企业总体社会绩效显著正相关,与企业弱社会绩效负相关;高管持股与企业社会绩效没有显著相关性。

An Empirical Study on the Interaction between Executive Pay of the State-Owned Enterprises and Corporate Social Performance

Corporate social performance has been considered into the contracting process of executive pay, then a model of executive pay and corporate social performance has been built based on stakeholder theory. By the data from 137 from the state-owned listed company, factor analysis and regression analysis are used to test the hypotheses of the model. Findings were as follows: the annual salary has a positive association with strong corporate social performance and total corporate social performance, has a negative correlation with weak corporate social performance; and executive ownership have no significant relationship with corporate social performance.