摘要
本文的研究以我国上市公司不同行业的实际数据为考察样本,运用实证分析方法验证我国上市公司不同类型行业管理层薪酬和持股与公司绩效之间的相关关系,分析结果表明:我国上市公司管理层薪酬和持股激励效应存在着较大的行业性差异,并提出不同行业企业应该根据自身特点和性质以及管理层薪酬和持股激励效应的大小,相机选择薪酬激励或股权激励,制定出详细周密、客观有效、切合实际的企业管理层激励方案,从而使其激励效应最大化。
This paper analyzes the correlation between a company＇s performance and the management compensation and stock incentive program. Real data samples of companies listed on China＇ s Stock Exchange from different industries are used in our analysis. The result shows that the correlations vary considerably among companies from different industries. Consequently, companies from different industries should design their management incentive programs based on their own business characteristics. A detailed and practical management incentive program is essential in order to maximize the effects of the incentive program.
出处
《中央财经大学学报》
CSSCI
北大核心
2006年第4期81-86,共6页
Journal of Central University of Finance & Economics
关键词
管理层薪酬
管理层持股
激励效应
Management compensation Management stock ownership Incentives
