高管薪酬契约的参照点效应及其治理后果——基于行为经济学视角的实证检验word格式论文.docxVIP

(2) thesubjectiveperceptionoftheintentionofexecutivescausedbythereferencepoint effectofcompensationcontractsdohaveasignificantimpactontheexecutivesof on-the-job consumption and enterpriseperformance.Throughtheempiricaltest,wethinkthatwhenmakingthepolicyofexecutivepay incentivesweshouldfullyconsidertheinfluenceofexternalfactorsonexecutives.We shouldnotonlyavoidculturingthesenseofegoinflationduetoexcessive compensationstandard,whichmay leadtheexecutivestochoosevoluntaryleavingthat isdoomedtodamagetheinterestsoftheenterprise,butalsoavoidexecutivestochoose revengetodamagetheinterestsoftheenterpris