公司绩效和公司治理结构对高管内部薪酬的影响.docVIP

在高管团队的内部，高管之间的薪酬水平往往存在较大的差距。由其是在团队活动中， 生产任务之间往往是相互依存的，这样就会使得监管难度加大，监督成木也会随之提高， 如果适当的拉大高管间的薪酬差距反而可以降低监督成木 因此如何设置合理的薪酬制 度，如何解决好高管团队内部薪酬的分配问题就显得格外重要。 木文选取了 2012年湖北省上市公司作为研宄样木。通过查找和收集相关资料薪酬数据 和公司治理结构及公司绩效信息，在锦标赛等理论的基础上提出了有关假设，设计模型并 进行了相关的分析研宄。木文研究了公司绩效和公司治理结构分别对高管内部薪酬的影响。 木文通过实证研宄发现不同的影响因素对高管薪酬差距有着显著影响：⑴公司绩效与 高管团队内部薪酬差距有着显著负相关关系。⑵国有控股比例与高管团队内部薪酬差距呈 负相关，国有控股比例越高的企业，会抑制高管团队内部的薪酬差距的加大，从而使得薪 酬的分配具有内部公平性。⑶股权集中度与高管团队内部薪酬差距呈负相关。⑷董事会规 模与高管团队内部薪酬差距呈负相关，说明了适当的减小董事会的规模反而能在一定程度 上增大高管内部的薪酬差距，从而能够激励高管更加努力的工作，发挥他们的价值。⑸管 理层持股比例与高管团队内部薪酬差距呈显著正相关。这表明管理层持股比例的增加，会 拉大高管内部薪酬差距。这在一定程度上会影响管理层管理公司的积极性，从而会影响公 司的绩效，使得公司的价值没有最大化。 关键词:薪酬差距；治理结构;公司 关键词: 薪酬差距；治理结构; 公司 Abstract Executive pay levels usually exist a gap within the team，under the condition of the production task interdependence in the team activities，with the improvement of supervision and the difficulty，the larger pay gap can reduce the monitoring cost. But when the team salary gap is too large, it also can not conducive the harmonious of executive team members to work with. Therefore how to set up a reasonable salary system, how to solve the distribution of the executive compensation within the team is very important. This article selects the 2012 listed companies in Hubei province as the research sample. Compensation through search and collect related data and information，corporate governance structure and corporate performance in the tournament theory proposed on the basis of the assumption，such as the design model and the empirical analysis of related research，research executive compensation and corporate performance within the team and the relationship between corporate governance structure. In this paper, the study found that the influence of different factors on executive pay gap has a forward or reverse the effects of: (1) corporate performance and executive pay gap within the team has a negative relationship. (2 )state holding proportion and negatively correlated with executive pay gap within the team, the higher the proporti