上市公司高管薪酬与公司财务业绩发展实证研究毕业论文.docVIP

毕业论文 （2010届） 上市公司高管薪酬与公司财务业绩发展实证研究 摘 要 随着中国社会主义市场经济的不断成熟，上市公司高管报酬与公司财务业绩发展之间的关系越来越受到大家的关注。能否正确处理两者之间的关系，将直接影响企业权利配置与高管激励，最终影响企财务业绩。但是，即便现代企业组织形式有了一定的发展，薪酬激励体制有了一定的改善，零薪酬高管持股偏低这些问题却仍然存在。所以，如何更好地建立管理者薪酬激励机制，实现对管理者的有效激励最大限度地降低代理成本，提升企业经营财务业绩，成为紧迫而又很有现实意义的问题。本论文采用实证的研究方法，在论述相关研究成果和理论分析的基础上，提出上市公司高管报酬与公司财务业绩发展之间关系的研究假设，以2007年2009年浙江省制造业22家上市公司为研究样本，对高管报酬与公司财务业绩发展的相关关系进行了实证分析。实证研究结果表明：上市公司高管报酬与公司财务业绩发展呈正相关关系。 关键词：高管报酬；公司财务业绩发展；上市公司；实证研究Abstract With the development of Chinese socialist market economy, people pay more and more attention to the relativity between listed company top executive salary and company’s achievement. Therefore, incentive mechanism of executive’s remuneration is a hot issue for theoretical research and the practice of enterprise. However, even if a certain form of organization of modern enterprise has developed and incentive compensation structure has been some improvement,” zero pay” and executives holding the low side still remain. So, it has become a highly urgent and realistic task to set up a better system to encourage the managers, so as to reduce the agency costs to the lowest and improve the operational performance. In this paper, empirical research methods used in the discussion of theory and research results on the basis of related research results and theoretical analysis, proposed the assumptions about the ownership between executives of listed companies the development of compensation and company performance. Used the dataset of 22 listed company of Zhejiang manufacturing sector in 2007-2009,do the empirical analysis about the relationship between executives of listed companies the development of compensation and company financial performance. The empirical results show that: executive compensation of the listed companies and financial performance of the development of company showed a positive correlation. Keywords: Executive Compensation; Performance of the company financial development; Listed Company; Empirical Study 目 录 1 相