内部控制、管理层权力与高管薪酬——基于我国上市公司的研究.pdf

《内部控制、管理层权力与高管薪酬——基于我国上市公司的研究.pdf》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、AbstractAbstractExecutivecompensationisthefocusofthesocietyinrecentyears.Theresearchofthisthemeisincreasing,especiallyaftertheissueoftheinternalcontrolsystem.PriorresearchshowsthatChineselistingcorporationexecutivecompensationisgenerallytiedtoperformance.Buttherealsohavethephenomenonofweakconnectio

2、nbetweenexecutivecompensationandperformance;thephenomenonofasymmetrybetweenexecutivecompensationanddifferentpartofperformance,forexample,therelevanceofexecutivecompensationandrisingperformanceisgreaterthantheexecutivecompensationanddecliningperformance.Somescholarsevenfoundthattheexecutivecompensat

3、ionhadonconnectionwithperformance,manifestingas“skyhighsalary”and“zerosalary”.Thesephenomenacan’tbeexplainedbythetheoryofoptimalcontract.Thispapertriedtoexplaintheseabnormalcompensationfromtheperspectiveofmanagerialpower,takingChina'sShanghaiandShenzhenASharesthemainboardoflistingcorporationfrom201

4、0to2012assamples,whichstudiedtherelationshipbetweenmanagerialpowerandexecutivecompensation.Fromthepointofmanagerialpowertheory,executiveshavetheabilitytobargain.Theycancanvasstheboardofdirectorssoastobuiltawincompensationtreatyforthemselves.Bythismeans,executivescapturemorebenefit.Thispapermadeanem

5、piricaltestontherelationshipofmanagerialpowerandexecutivecompensation.Wefoundthatmanagerialpowercanimprovethelevelofexecutivecompensation.Withthedevelopmentofinternalcontrolsystemandtheinternalcontrolquality,internalcontrolplaysanimportantparttoregulateexecutives'rent-seekingbehaviorontheexecutivec

6、ompensation.Inthiscase,whetherinternalcontrolcanweakentheinfluenceofmanagerialpowertoexecutivecompensation.Thispapermadeanempiricaltest,wefoundthatinternalcontroldoesnotweakentherelationshipbetweenmanagerialpowerandexecutivecompensation.ThismayberelatedtothelowenforcementofChina'slistingcorporation

7、.SomeinternalcontrolIIAbstractsystemisnotbeingcarriedout.Accordingtotheproblemreveledinthispaper,weproposetwopiecesofsuggestion.Ononehand,China’slistingcompanyexecutivesareaimedtoinfluencecompensationthroug