财经理论与实践2016,Vol.37Issue(3):69-76,8.
高管声誉激励契约的强度、效用及作用途径一个中国情境下的实证检验
Intensity,Effectiveness and Mechanism of Executive Reputation Incentive Contract:An Empirical Study in the Chinese Context
摘要
Abstract
we do a study on the intensity,effectiveness and mechanism of the executive repu-tation incentive contract in the Chinese Context by an integrated method of quantitative and quali-tative research.First we choose some executives to do an in-depth interview,and then do the em-pirical study using the panel data of listed companies during 2007~2013 in China.The results show:the corporate size has a positive effect on executives'reputation with executives'human capital value as a mediator;the reputation incentive contract has an indirect effect on corporate performance,more specifically,there is a complementary effect between reputation incentive and compensation incentive,and there is a substitution effect between reputation incentive and equity incentive;ownership nature has an obvious effect on the effectiveness of the executive reputation incentive contract.关键词
高管声誉激励/效用/作用途径/交互效应Key words
Executive reputation incentive/Effectiveness/Mechanism/Interaction effect分类
管理科学引用本文复制引用
王帅,徐宁,姜楠楠..高管声誉激励契约的强度、效用及作用途径一个中国情境下的实证检验[J].财经理论与实践,2016,37(3):69-76,8.基金项目
国家自然科学基金青年项目(71302089)、国家自然科学基金面上项目(71272120)、国家自然科学基金青年项目(71402067)、山东大学自主创新基金青年团队项目(IFYT12059) (71302089)