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An empirical study on the interaction between executive pay of the state-owned enterprises and corporate social performance

机译:国有企业高管薪酬与企业社会绩效互动关系的实证研究

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Most of the existing literatures focus on the relationship among corporate governance, executive compensation and financial performance. This paper brings corporate social performance into the contracting process of executive pay, and builds up a model of executive pay and corporate social performance based on stakeholder theory. To test hypotheses of the model, data are collected from 137 in the state-owned listed company, using factor analysis, regression analysis. The research shows that the annual salary has a positive association with strong corporate social performance and total corporate social performance has a negative correlation with weak corporate social performance; Executive ownership has no significant relationship with corporate social performance.
机译:现有文献大多数集中在公司治理,高管薪酬和财务绩效之间的关系上。本文将企业社会绩效纳入高管薪酬的契约过程,并建立基于利益相关者理论的高管薪酬与企业社会绩效模型。为了检验模型的假设,使用因子分析,回归分析从国有上市公司的137家中收集数据。研究表明,年薪与企业社会绩效强相关,而企业社会绩效总额与企业社会绩效弱相关。高管人员所有权与公司社会绩效没有显着关系。

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