论高管薪酬与公司业绩的关系毕业论文.doc

本 科 毕 业 论 文 题 目 论高管薪酬与公司业绩的关系 学 院 专 业 财 务 管 理 班 级 学 号 学生姓名 指导教师 摘 要 25家上市公司作为研究样本，从新浪网上获取公司2007、2008、2009三年完善高管薪酬激励机制关键词：上市公司；薪酬；Based on the value of executive compensation and corporate learning theories, combined with information of listed companies in Ningbo of data, listed companies as of 25 samples obtained from various companies on S 2007, 2008, 2009 publicly disclosed three years, the annual report, which selected financial data for 2009 empirical analysis using SPSS software, and found executive pay and related indicators reflect the enterprise value of between significant relevant relationships. Research proof, the listed company total assets scale and net profit margins are positively related with executive pay, total assets, the greater the size and net profit margins is relatively improve executive pay. The ratio of the largest shareholder and executive compensation is negatively correlated, indicating that the shareholders holding the largest proportion with the improvement of executive pay but will be reduced. According to the conclusions, by improving the executive pay incentives and enhance the corporate governance structure is reasonable suggestions. Keywords:Listed companies;Executive pay;Company performance 目 录 1 1 1.1 研究背景 1 1.2 研究意义 3 1.3 研究内容及研究方法 3 1.3.1研究内容及主要框架 3 1.3.2研究方法 4 2 5 2.1 管理者薪酬理论 5 2.2 委托代理理论 5 2.3 人力资本理论 6 2.4 公司治理理论 6 2.5 公司业绩理论 7 3 8 3.1 我国上市公司高管薪酬现状 8 3.2 宁波地区上市公司高管薪酬现状 9 4 10 4.1 样本选取及数据来源 10 4.2 研究假设 11 4.2.1 规模SIZE 11 4.2.2 资产负债率LR 11 4.2.3 第一大股东持股比例FHSR 12 4.2.4 主营业务收入INCOME 12 4.2.5 净利润率NPM 12 4.3 变量的选取 13 4.4 模型的设定 13 4.5 实证分析 14 4.5.1 相关性分析 14 4.5.2 共线性问题诊断 15 4.5.3 多元回归分析 16 4.5.4 假设检验与分析 17 19 5.1 研究结果 19 5.2 建议