宁波市上市公司高管薪酬与公司绩效关系研究毕业论文.docVIP

毕业论文 （20_ _届） 宁波市上市公司高管薪酬与公司绩效关系研究 摘 要 高级管理人员的激励问题源于现代企业的两权分离，即所有权与经营权的分离，企业的所有者即股东拥有最终的财产所有权和剩余索取权，但往往没有直接的经营控制权；企业的管理层代表所有者行使经营控制权，却不承担最终的决策风险。随着21世纪的到来，人类社会也开始进入知识经济时代，那些拥有高新技术知识和能力的高管人员已成为企业发展的关键。所以，我们有必要为上市公司设计一份合理的高管薪酬激励方案，既能有效激励经营者，又能约束经营者的自利行为，使其与股东的利益相一致。本文正是在此背景下，结合国内外相关实证研究，立足于委托代理理论、人力资本理论，对高管薪酬与公司业绩相关性问题进行研究。 本文采用了宁波市26家典型的上市公司经过实证研究得出了以下结论：公司的业绩与高管的持股比例负相关；公司的业绩与高管的年薪呈正相关；高管年薪与股权集中度负相关。本文在最后根据实证研究的结果并针对这一时期的特殊背景下提出了以下建议：增强上市公司高管薪酬与真实绩效的匹配度；实行薪酬结构多元化，优化激励契约机制；多因素考虑，综合评估高管薪酬水平。关键词：Abstract Senior management incentive problem is a modern enterprise two rights separation, Namely ownership and the right of management separation, Owners ie shareholders have the ultimate property ownership and the residual claims, but often no direct management control; Enterprises management representatives owners exercise management control, but not bear the ultimate decision risk. With the arrival of the 21st century, human society is also begin to enter in the era of knowledge economy, those with high technical knowledge and ability of senior executives have become the key of enterprise development. So, we need to design a reasonable listed company of executive pay incentive schemes, already can effective incentive and restraint operator operators of self-interest behavior, make its consistent with the best interest of shareholders. This paper it is in this context, combining the domestic and foreign relevant empirical research, based on the principal-agent theory, human capital theory, and business performance in executive compensation and the related questions research. This paper adopts the ningbo twenty-six typical listed companies is obtained by empirical study the following conclusions: The companys performance and executives of shareholding correlative The companys performance and senior managers salary were positively correlated. In this paper, according to the empirical results last in this period under the special background of put forward the following Sugges