a国产,中文字幕久久波多野结衣AV,欧美粗大猛烈老熟妇,女人av天堂

當(dāng)前位置:主頁 > 管理論文 > 財稅論文 >

管理層權(quán)力調(diào)節(jié)下政府補助與高管薪酬粘性關(guān)系的研究

發(fā)布時間:2018-03-23 22:20

  本文選題:政府補助 切入點:高管薪酬 出處:《哈爾濱工業(yè)大學(xué)》2017年碩士論文


【摘要】:近些年來,上市公司高管獲取“天價薪酬”的現(xiàn)象屢屢被曝光,引起廣泛關(guān)注。最優(yōu)薪酬契約論認(rèn)為,高管薪酬的高低是和企業(yè)業(yè)績掛鉤,而且成正相關(guān)關(guān)系,所以可以有效激勵高管為公司創(chuàng)造價值。然而“窮廟富和尚”的現(xiàn)象卻已經(jīng)屢見不鮮,甚至企業(yè)業(yè)績下降高管薪酬仍然上升。眾多學(xué)者研究表明,由于內(nèi)外部監(jiān)管的缺失,高管很容易影響薪酬的制訂,攫取租金。早在2008年,國外學(xué)者研究表明高管薪酬存在粘性,即高管薪酬在企業(yè)業(yè)績上升時的邊際增長量要大于業(yè)績下降時的邊際減少量。改革開放后,我國建立了中國特色社會主義市場經(jīng)濟體制,政府與市場之間的關(guān)系越來越緊密。政府往往通過政府補貼和相關(guān)政策干預(yù)企業(yè)運行。政府補助的規(guī)模龐大,甚者導(dǎo)致企業(yè)扭虧為盈。政府的資金補貼給企業(yè)業(yè)績很大的幫助。2016年,藍(lán)思科技股份有限公司第一季度財務(wù)數(shù)據(jù)顯示,除去非經(jīng)常性損益這一項目后歸屬于母公司凈利潤,公司虧損竟然達到了7400萬元,這個被扣除的“非經(jīng)常性損益”項,最大的一筆為政府補助,總計為2.46億元。計入損益的政府補助作為影響企業(yè)業(yè)績的一個噪音,與經(jīng)理人的自身努力無關(guān),卻很可能在企業(yè)業(yè)績下降時,被管理層操控,以增加自身利益。本文首先回顧了國內(nèi)外關(guān)于政府補助和高管薪酬理論的相關(guān)文獻,重點將研究放在政府補助和薪酬粘性的關(guān)系上;其次,在分析政府補助與薪酬的關(guān)系時提出假設(shè);運用描述性統(tǒng)計和回歸分析的方法,選取了2011年至2015年滬深A(yù)股上市公司為樣本,檢驗了高管薪酬與政府補助的相關(guān)性是否會受到企業(yè)業(yè)績調(diào)節(jié)的影響以及高管薪酬粘性和政府補助之間的關(guān)系。實證結(jié)果顯示:(1)公司業(yè)績下降時,高管薪酬與政府補助的相關(guān)關(guān)系更加顯著;(2)政府補助與公司高管薪酬粘性正相關(guān);(3)管理層權(quán)力可以調(diào)節(jié)政府補助和高管薪酬粘性之間的關(guān)系。政府補助是與經(jīng)理人自身努力無關(guān)且影響企業(yè)利潤的一個噪音,尤其是在企業(yè)業(yè)績下降時,管理層為了維持收益的穩(wěn)定,更有可能操縱政府補助,由此加大上市公司高管薪酬的粘性特征;同時管理層擁有企業(yè)的經(jīng)營權(quán)和部分事務(wù)的決策權(quán),政府和薪酬粘性的關(guān)系受管理層權(quán)力大小的調(diào)節(jié)。通過結(jié)果分析,本文提出試圖解決公司高管薪酬粘性和規(guī)范政府補助使用的建議。
[Abstract]:In recent years, executives of listed companies to obtain "salary" phenomenon has been exposed, causing widespread concern. The optimal compensation contract theory, the level of executive compensation is linked to corporate performance, and positive correlation, so it can encourage executives to create value for the company. However, the "poor rich Temple monks" phenomenon is already It is often seen., even the decline in business performance of executive compensation still rise. Many scholars show that due to the lack of internal and external supervision, it is easy to affect the formulation of executive compensation, the rent. As early as 2008, foreign scholars research shows that the existence of executive compensation viscous, namely the marginal growth of executive pay rise in the amount of enterprise performance to reduce the amount of more than marginal decline in performance when. After the reform and opening up, China has established China characteristics of socialist market economy system, the relationship between the government and the market increasingly close political. The government often through government subsidies and related policy intervention in the operation of enterprise. The scale of government subsidies, what causes the enterprise profitability. Government subsidies to the enterprise performance is of great help for.2016 years, LAN Si Polytron Technologies Inc first quarter financial data, excluding non recurring gains and losses of the project after the net profit attributable to the parent company. The loss has reached 74 million yuan, the deduction of non recurring gains and losses, the largest sum of government grants, amounting to 246 million yuan. The government subsidies included in the profit and loss as a noise impact on business performance, and managers of their own efforts but not is likely to decline in corporate performance, is management control, in order to increase their interests. This paper reviews the related literature on government subsidies and compensation theory at home and abroad, will focus on research on government subsidies and compensation Viscous relations; secondly, in the analysis of the relationship between government subsidies and compensation of the proposed hypothesis; using the method of descriptive statistics and regression analysis, from 2011 to 2015 in Shanghai and Shenzhen A shares of listed companies as a sample, to test whether the correlation between executive compensation and government subsidies will be subject to influence the relationship between corporate performance and executive compensation regulation viscous and government subsidies. The empirical results show that: (1) the performance of the company declined, correlation between executive compensation and government subsidies are more significant; (2) the government grants and executive compensation viscous positive correlation; (3) the management authority can regulate the relationship between government subsidies and executive compensation. The government subsidy is a viscous a noise and the manager's own efforts is irrelevant and the impact of corporate profits, especially the decline in corporate performance management, in order to maintain the stability of income, are more likely to be manipulated by government subsidies. This increases the viscous characteristics of executive compensation of listed companies; at the same time the enterprise management has the right to operate and part of the business decision-making power, the relationship between the government and the compensation stickiness is regulated by the size of the power management. Through the analysis of the results presented in this paper, trying to solve the government grants the use of the proposed company executive compensation viscous and norms.

【學(xué)位授予單位】:哈爾濱工業(yè)大學(xué)
【學(xué)位級別】:碩士
【學(xué)位授予年份】:2017
【分類號】:F272.92;F812.45

【參考文獻】

相關(guān)期刊論文 前10條

1 王克敏;楊國超;劉靜;李曉溪;;IPO資源爭奪、政府補助與公司業(yè)績研究[J];管理世界;2015年09期

2 趙宇恒;孫悅;;政府補助:補助了企業(yè)還是高管[J];現(xiàn)代財經(jīng)(天津財經(jīng)大學(xué)學(xué)報);2014年10期

3 步丹璐;王曉艷;;政府補助、軟約束與薪酬差距[J];南開管理評論;2014年02期

4 羅宏;黃敏;周大偉;劉寶華;;政府補助、超額薪酬與薪酬辯護[J];會計研究;2014年01期

5 趙純祥;羅飛;;市場競爭、管理者權(quán)力與薪酬粘性[J];當(dāng)代財經(jīng);2013年10期

6 章永奎;馮文滔;杜興強;;政治聯(lián)系、薪酬差距與薪酬粘性——基于民營上市公司的經(jīng)驗證據(jù)[J];投資研究;2013年06期

7 步丹璐;文彩虹;;高管薪酬粘性增加了企業(yè)投資嗎?[J];財經(jīng)研究;2013年06期

8 田笑豐;肖安娜;;政府補助對財務(wù)困境上市公司獲利能力影響的實證研究[J];財會研究;2012年19期

9 步丹璐;張晨宇;;產(chǎn)權(quán)性質(zhì)、風(fēng)險業(yè)績和薪酬粘性[J];中國會計評論;2012年03期

10 劉星;代彬;郝穎;;高管權(quán)力與公司治理效率——基于國有上市公司高管變更的視角[J];管理工程學(xué)報;2012年01期

相關(guān)博士學(xué)位論文 前1條

1 冷建飛;中國農(nóng)業(yè)上市公司盈利性的影響因素研究[D];南京農(nóng)業(yè)大學(xué);2007年

相關(guān)碩士學(xué)位論文 前1條

1 吳婷婷;產(chǎn)業(yè)政策與上市公司政府補助的影響及經(jīng)濟后果研究[D];安徽工業(yè)大學(xué);2013年



本文編號:1655449

資料下載
論文發(fā)表

本文鏈接:http://www.wukwdryxk.cn/guanlilunwen/shuishoucaizhenglunwen/1655449.html


Copyright(c)文論論文網(wǎng)All Rights Reserved | 網(wǎng)站地圖 |

版權(quán)申明:資料由用戶78ee9***提供,本站僅收錄摘要或目錄,作者需要刪除請E-mail郵箱bigeng88@qq.com
伊人无码一区二区三区| 久久久久久亚洲Av无码专区| 狠狠躁高跟丝袜人妻| 国产综合在线观看| WWW夜片内射视频在观看视频| 久久久久国产一区二区| 天天做天天爱夜夜爽毛片毛片| 人人妻人人添人人爽欧美一区| 中文幕无线码中文字蜜桃| 大色网小色网淫色网| 国产农村妇女毛片精品久久麻豆 | а√新版天堂资源中文8| 国产午夜草莓视频在线观看| 免费a级毛片无码a∨| 熟妇丰满多毛的大隂户| 成人综合婷婷国产精品久久| 久久蜜桃| 英山县| 和平县| 欧洲熟妇色XXXX欧美老妇老头多毛| 久久久久99| 热久久久久| 夜夜射| 性欧美大战久久久久久久久| 最新欧美shemale人妖护士| 四方色播| 色资源九九九| 人人妻| 神马午夜| 日本亚洲最大的色成网站www| 久久99精品久久久久久琪琪| av男人天堂网| 国产精品国产亚洲精品看不卡| みたにあかり黑人巨大| xxav| 天堂一区二区| 亚洲av成人综合网久久成人| 18禁无遮挡国产免费观看| 香蕉大美女天天爱天天做| 美腿制服丝袜国产亚洲| 久久久亚洲色|