Corporate Governance, Owner’s Controlling Rights and Top Executive Compensation——Empirical Analysis Based on Chinese Listed Private Companies

Abstract

近年来上市公司高管薪酬备受公众关注,而高管薪酬与企业绩效之间的激励与制约关系也是现代企业理论的一个重要研究领域。随着我国经济体制的改革,越来越多的民营企业进入资本市场,企业规模的扩张和所有权结构的调整导致了更加复杂的委托-代理问题。因此,本文基于高管薪酬和企业绩效的研究范式,选取2006年到2009年四年间上市民营企业前三名高管的薪酬及其他有关数据,进一步探讨公司治理结构和所有者控制权等因素对高管薪酬的影响和作用。 本文首先回顾高管薪酬与公司绩效相关性及其决定机制方面的文献,借鉴前人的研究成果,从中总结出影响薪酬-绩效问题的基本要素,并构建模型的基础架构。结果表明,对于民营企业而言,经营绩效...In recent years problems about top-executive compensation of listed companies have been paid much attention, meanwhile the incentive and constraint relation between top-executive compensation and enterprise performance is an important research field in modern enterprise theory. After more and more private enterprises have entered capital market with the reform of China’s economic structure, enterp...学位:经济学硕士院系专业:经济学院经济系_政治经济学学号:1532008115215

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