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高层管理者的薪酬与公司绩效一直都是学术界和社会界关注的焦点,针对房地产此行业近几年出现的较大幅度的高层管理者的薪酬波动性,本文对高管的薪酬与绩效之间的关系进行了详细的实证分析。研究结果显示,高管的薪酬与企业绩效之间存在U型关系;且随着公司规模的不断扩大,高管的薪酬会增多,但是公司的绩效反而降低;股权集中度的提高有利于提高公司绩效,但是企业的产权性质对绩效的影响力度有限,因此,公司建立合理有效的薪酬—绩效契约对提高公司绩效具有重要的作用。
Top management pay and corporate performance has always been the focus of academic and social circles, real estate for the industry in recent years, the emergence of more significant high-level managers pay volatility, this article executives compensation and performance The relationship between a detailed empirical analysis. The results show that there is a U-shaped relationship between executive pay and firm performance. With the continuous expansion of the company, executive pay will increase, but the performance of the company will be reduced. The increase of ownership concentration will help improve the company’s However, the nature of ownership of a firm has a limited impact on performance. Therefore, establishing a reasonable and effective compensation-performance contract plays an important role in improving corporate performance.