上市公司内部薪酬差距与未来绩效相关性研究-会计学专业论文.docxVIP

I万方数据 I 万方数据 上市公司内部薪酬差距与未来绩效相关性研究 摘要 公司内部的薪酬设计问题从 20 世纪 80 年代起就成为理论界和实务界关注的重点 问题，因为薪酬差距问题直接影响公司内部员工的工作情绪，进而影响到整个公司的 绩效。但现有的研究大多只是探讨高管人员的薪酬水平与公司绩效的关系，而对于公 司内部的薪酬差距与公司未来绩效的关系研究相对较少。因此，对于薪酬差距与公司 绩效的关系以及薪酬差距的具体应用环境进行研究，不仅在理论上能推进我国企业薪 酬理论的发展，而且也有助于客观地认识和评价我国企业薪酬制度改革，科学地指导 企业薪酬决策和员工管理，具有重要的理论意义和现实意义。 本文选取沪深两市上市公司 2005 年至 2008 年的 A 股市场的数据，采用规范研究 与实证研究相结合的方法，从高管团队之间、高管团队与普通员工之间的薪酬差距这 两个不同的方面去研究公司内部薪酬差距对公司未来绩效的影响。 实证分析的结果显示高管团队之间的薪酬差距、高管团队与普通员工之间的薪酬 差距均对公司未来绩效起促进作用，支持了锦标赛理论，这说明锦标赛理论已经成为 解释上市公司内部薪酬差距(包括高管团队间的薪酬差距和高管团队与普通员工间薪 酬差距)对公司未来绩效影响的有效理论。 本文研究的主要创新点有: 1.本文不仅考虑了高管团队内部薪酬差距，并且将高管团队与普通员工间的薪酬 差距也考虑进去，能够全面反映薪酬差距的内涵。 2.本文研究的是薪酬差距与企业未来绩效的关系，其影响在时间上得到延伸，并 丰富了薪酬理论。 关键词：薪酬差距 未来绩效 锦标赛理论 行为理论 II万方数据 II 万方数据 Research on the Relationship between the Compensation Gap of Listed Company and Future Performance Abstract The issue of compensation design of intra-companies has become a top issue which is concerned by the circle of theory and practice since 1980s. This is because the problem of compensation gap has a direct impact on the working mood of inter-company employee, thereby effects the performance of the whole company. But most of the existing researches only discuss the relationship between the compensations of executives and company performance. The existing researches about the relationship between compensation gap of intra-companies and company future performance are little relatively. Therefore, the research to the relationship of compensation gap and company performance and the specific application environment can not only advance the development of the compensation theory of our companies in theory, but also understand and evaluate the reform of compensation system of our companies objectively. It can guide the compensation decision and staff management scientifically and has important theoretical and practical significance. This paper selects the data of A share market from listed companies which are listed in Shanghai Stock Exchange and Shenzhen Stock Exchange from 2005 to