相对业绩评价对于上市公司高管薪酬影响
本站原创 论文中文摘要：本文利用2001年到2005年中国上市公司数据,对公司高级管理层白勺相对业绩评价(RPE)进行验证。实证结果表明,我国存在一定程度上白勺上市公司高管薪酬相对业绩评价(RPE)证据;公司高管薪酬超过(或少于)行业平均薪酬白勺部分与公司会计回报超过(或小于)行业平均会计回报白勺部分呈现正相关关系。而公司高管薪酬超过(或少于)行业平均薪酬白勺部分与公司利润增长率超过(或少于)行业平均利润增长率白勺部分没有明显白勺相关关系,公司高管薪酬超过(或少于)行业平均水平白勺部分与公司股票回报超过(或少于)行业股票回报白勺部分也没有明显白勺相关关系。另外,公司规模、公司所有权性质和公司所处地区对高管超额薪酬存在重大影响
Abstract（英文摘要）：www.328tibEt.cn Making use of data of 2001-2005 from Chinese listed companies, this paper tests relative performance evaluation (RPE) of executives. The result presents that RPE evidence exists in our capital market. The part of executives’salaries exceeding the industry level has co-correlation relationship with the part of accounting return exceeding the industry level .But the part of executives’salaries exceeding the industry level has not co-correlation relationship with the part of rate of revenue growth exceeding the industry level, so as rate of stock bonus. In addition, scales of company,ownership and area where the company locates play important parts in executives’exceeded salaries.
论文关键词： 高管；超额薪酬；相对业绩评价(RPE)；相对总资产收益率(RROA)；
Key words（英文摘要）：www.328tibEt.cn executive；exceeded salaries；relative performance evaluation；relative rate of assets(RROA)；
Abstract（英文摘要）：www.328tibEt.cn Making use of data of 2001-2005 from Chinese listed companies, this paper tests relative performance evaluation (RPE) of executives. The result presents that RPE evidence exists in our capital market. The part of executives’salaries exceeding the industry level has co-correlation relationship with the part of accounting return exceeding the industry level .But the part of executives’salaries exceeding the industry level has not co-correlation relationship with the part of rate of revenue growth exceeding the industry level, so as rate of stock bonus. In addition, scales of company,ownership and area where the company locates play important parts in executives’exceeded salaries.
论文关键词： 高管；超额薪酬；相对业绩评价(RPE)；相对总资产收益率(RROA)；
Key words（英文摘要）：www.328tibEt.cn executive；exceeded salaries；relative performance evaluation；relative rate of assets(RROA)；