高管薪酬、业绩与胜任力识别一项行为金融实验——来自我国2012年沪深两市的经验证据.docVIP

高管薪酬、业绩与胜任力识别:一项行为 金融实验一- 市的经验证据 胡援成刘元秀吴飞吴志明 江西财经大学金融发展与风险防范研宄中心江西理 工大学商学院江西财经大学金融管理国际研宄院 本文尝试对我国上市公司高管进行“胜任力相貌”与真实胜任力关系研究，采 用准实验设计方法，以七个小实验，2 000多名受试者，研究高管的面部特征感 知与胜任力的关系。将高管与非高管照片配对分析，发现看似更具吸引力和亲和 力受试者的高管比率高于非高管。将大小公司高管照片配对分析，发现大公司高 管看起来更K胜任力、亲和力和吸引力。通过受试者对高管面部特征感知进行数 值评分，发现高管薪酬、业缋以及产权性质与这些感知的“胜任力”评级相关。 成熟脸孔高管有更高“胜任力”分值。研究结果可为高管人才培养、选拔等提供 有益参考。 关键词： 配对分析;“选美”实验;面部特征; 刘元秀，江西省南昌市昌北幵发区双港东大街1180号江西理工大学 商学院，330013;电话E-mail:yuanxliul2@163. com。 基金：江西省高校人文社科研宄项目（JJ162018） The Payment and Performance of Executives in Listed Company and the Competent Recognition:a “Behavioral Financial” Experiment-Empirical Evidence from China in 2012 YUANCHENG HU FEI WU YUANXIU LIU ZHIMING WU Jiangxi University of Finance and Economics; Jiangxi University of Science and Technology; Abstract： We examine the relationship between “competent looks” and the actual competent of executives in a sample of Chinese listed companies. Adopting aquasi-experimental method, we design seven small experiments and use more than 2000 subjects to study the facial traits of the executives. Using pair-comparisons between the photographs of executives and non-executives, we find that subjects rate faces that look more “attractive” and more “likable” to be executives higher than non-executives. By matching executives from large firms against executives from smaller firms, we find that large-firm executives look more competent, more likable and more attractive- By asking subjects to rate numerically the facial traits of executives, we find that the payment and performance of executives and the ownership type of listed companies are associated with the perception of “competent” ratings. The scores of the “mature-face” group are higher than the “baby-face” group. The study provides helpful reference on the cultivation and selection of talented executives in listed companies. Keyword： experiment matches executives; beauty contest; facial trait; 一、引言 企业要发展，引进和选拔培养企业管理者对于提高企业的竞争力非常重要。从中 国企业家调查系统调查结果来看，企业高