| Managers’ compensation has been praised by the attention of social entrepreneurs,corporate shareholders has been seeking the optimal compensation contracts, and to the best of compensation contract to motivate managers to create value for the enterprise.Since 1999, the executive compensation of listed company by CSRC required to disclose, academic research on executive pay is really into the substantive and comprehensive stage. Scholars on executive compensation incentive is effective not only from the external environment, such as the enterprise market are studied, also from the corporate ownership structure, institutional factors such as the independent directors proportion were studied.But from the perspective of corporate executives of soft factors such as sex ratio to study less, based on the social and theoretical background, this article is from the close relations between the manager and the chairman perspective, to study the effectiveness of the managers’ salary incentive.In this paper, under the theoretical analysis of executive pay, with the close relationship between CEO and chairman of the board of directors as the research Angle of view, the use of small and medium-sized board listed company data in 2012-2014 as sample, using multivariate linear regression method to study the effectiveness of the managers’ salary incentive. Eventually the intimate relationship between CEO and chairman of the board would have a positive correlation to the managers’ salary incentive and the close relationship between CEO and chairman of the board will have larger viscous two conclusions on managers’ compensation.Based on small and medium-sized boards of listed companies, the study of the close relationship between CEO and chairman of the board of managers’ salary incentive effectiveness and the effect of further expanding the scope of executive compensation incentive theory, and put forward guidance for small and medium-sized board listed company compensation management advice. |
PDF Full Text Request