会议专题

Internal Salary Gap, Government Intervention and Enterprise Performance: Evidence from Chinese Listed Companies

Since the outbreaks of the international financial crisis in 2008, exorbitant executives salary has become a hot topic, and extensive discussions had carried out about salary fairness as well as whether salary gap of executives can realize the effective incentive. Based on the unbalanced panel data of Chinese A-share listed companies from 2005 to 2007, this article builds linear regression models between executive salary gap and enterprise performance which take the government intervention into account, and the empirical results show that: In companies whose internal salary gap is not big, the internal salary gap and enterprise performance are positively related and the reduction of government intervention is benefit to improve firm performance; Whereas in companies whose internal salary gap is exorbitant, the internal salary gap and enterprise performance are negatively related and the government intervention doesn’t significantly affect firm performance. Our empirical results are helpful for the current executive incentive and salary reformation.

Bo ZHANG Hui HUANG

School of Accounting, Chongqing Technology and Business University, Chongqing, P.R.China School of Accounting, Chongqing Technology and Business University, Chongqing, P.R.China Research I

国际会议

2011 IEEE 18th International Conference on Industrial Engineering and Engineering Management(2011 IEEE 第十八届工业工程与工程管理国际会议 IEEM2011)

长春

英文

396-400

2011-09-03(万方平台首次上网日期,不代表论文的发表时间)