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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

王帅 徐宁 姜楠楠

财经理论与实践2016,Vol.37Issue(3):69-76,8.
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

王帅 1徐宁 1姜楠楠1

作者信息

  • 1. 山东大学 管理学院,山东 济南 250100
  • 折叠

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)

财经理论与实践

OA北大核心CHSSCDCSSCICSTPCD

1003-7217

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