An Empirical Analysis on Top Managers Compensation and Stakeholders Performance

摘要：

The article empirically investigates the relationships between top managers compensation and stakeholders performance based on the data of Chinese high-tech listed companies.The result indicates that (1) top managers monetary compensation and the stakeholders performance,except suppliers,correlate significantly,but top managers stock compensation has no correlation with stakeholders performance.The reason for this phenomenon is that stock incentive has possibly still in an initial stage in china,and it cannot exert enough incentive to top managers,(2) the size of companies,the largest shareholders and the zones where the listed companies are located in are all important influential factors on the relationships between monetary compensation and stakeholders performance,and (3) compared with other stakeholders,suppliers are not so important in Chinese listed companies.Therefore it is not a crucial factor to top managers compensation.

关键词： Monetary compensation Stock compensation Stakeholders Top managers The size of companies The largest shareholder Zone

作者: CAO Hui XU Congwei

作者单位: School of Economics and Management,Beihang University,P.R.China,100083 Hefei University of Technology,P.R.China,230009

会议类型: 国际会议

会议名称: 2007 International Conference on Management Science and Engineering(2007管理科学与工程国际学术会议)

会议地点: 河南焦作

会议语种:英文

页码: 2049-2055

在线出版日期: 2007-08-20（万方平台首次上网日期，不代表论文的发表时间）