基于战略的企业管理者薪酬研究-财务管理专业论文.docxVIP

AbstractThe Abstract The competition of market economy is fundamentally the competition between enterprises，which often appears in the form of competition between the enterprise managers．In a modem corporation whose property right and operating right are separated，the shareholders usually endows the responsibilities to the enterprise managers to realize the maximization of their interest．However,the organization of most enterprises is very dispersive and the share of a single shareholder is often not very large，which contribute to that the owner can neither determine the management behaviors nor supervise the managers effectively．When the managers are not well supervised，they will usually do something for their own interest，and even sacrifice the interest of shareholders．This phenomenon is called‘‘Agency Problem’，which means the behavior that the manager often don’t initially make efforts to accomplish the objective ofmaximizing the shareholders’interest． Hence，establishing a scientific salary system to stimulate the managers and resolve the agency problem effectively has become a crucial issue in the reform and development of enterprises．The managers are usually engaged in making enterprise policies and responsible for the producing activities，the economic benefit and the return of the shareholders’investment．In light of the significant role played by the managers，it is very important to research the salary stimulation system。In addition to making the manager grow healthily,this system carl also inspire them to work hard and reduce the cost of agency． Designing the salary system for managers has two main objectives：attract， maintain and inspire the managers；conform the different time of managers and shareholders when they pursue their own interest．By designing the salary system， the managers will concentrate their attention on the creating of shareholders’value． However,nowadays，the salary system of common companies diverts from the direction direction of the comp