金融类上市公司公允价值计量与高管薪酬相关性研究-工商管理专业论文.docxVIP

Research Research on Correlation between Fair Value and Executive Compensation on Financial Listed Companies Theories for the study of the fair value ale doepenhlg．Due to the special nature of the financial industry,previous studies usually eliminate financial listed companies in selecting the study samples．The executive pays of financial listed companies are far higher than other industries，and the phenomenon that high salaries lack the support of l域performance is notable．Financial sector in the fair value of its relationships with the executive pay is quite different with other industries．To explain the difference in theory is urgently． Based on this，the financial sector is the scope of the study of this paper． This paper based on the development course of fair value measurement in Our country and the conspectus for status and characteristics of executive compensation, combined with theoretical analys is， and then proposed the hypotheses．And it use the profit and loss of fair value changes in financial date of 2009—201 4 to study the effect of the fair value of financial listed companies on executive compensation． Through empirical analysis，the following conclusions are《1)There is no significant positive correlation between Changes in fair value ga缸and the executive pays in fmancial listed companies，while there is significant negative correlation between Changes in fair value loss and the executive pays in financ ial listed companies．The mechanisms of financial listed companies’ executive pays are relatively rational,fair value losses caused by changes have salaried binding effect．(2)The semitiv时coeffic ient that financial listed companies’executive compensations to gains and losses from changes in fair value are less than other earnings．It descriptions that mechanisms of financial companies’executive compensations pays more attention to the pmfa project that call reflect the level of managers’effort．(3)The executive compensations of financ ial listed companies s