高管薪酬与企业绩效的相关性——以信息技术行业上市公司为例

摘要

This paper makes a descriptive statistical analysis on executive compensation and corporate performance of listed companies in IT in- dustry. Then it analyzes the correlation between executive compensation and enterprise performance by the multiple linear regression model. The results show as follows: for listed companies in IT industry, executive compensation is significantly positively correlated with earning of per share and return on net asset, and is not significantly correlated with other performance indicators; executive compensation is correlated with asset scale, executive's shareholding, equity concentration and area. The result means that listed companies have already set up the compensation incen- tive system based on performance evaluation, but the performance evaluation index is too single. Therefore, compensation incentive system needs to be improved.%在对我国信息技术行业上市公司的高管薪酬和企业绩效进行描述性统计的基础上,采用多元线性回归模型,对样本公司的高管薪酬与其绩效的相关关系进行分析。研究结果表明：信息技术行业上市公司的高管薪酬与每股收益和净资产收益率两个财务指标显著正相关,与其他业绩指标不显著相关;在非财务指标中,高管薪酬与资产规模、高管持股、股权集中度、地区等非财务指标相关。这说明,虽然我国上市公司已建立起基于绩效评价的薪酬激励制度,但业绩评价指标过于单一,薪酬激励制度有待完善。