•  
北京第二外国语学院学报

北京第二外国语学院学报 ›› 2014, Vol. 36 ›› Issue (3): 55-.

• 旅游企业管理 • 上一篇    下一篇

高管薪酬与我国旅游上市公司成长性的关系研究

李红辉　张　红　王　迪   

  1. 陕西师范大学旅游与环境学院　陕西西安　710062
  • 收稿日期:2013-12-23 出版日期:2014-03-31 发布日期:2014-06-09
  • 作者简介:李红辉（1989~　），女，湖南邵阳人，陕西师范大学旅游管理专业2012级硕士生，主要研究方向：旅游企业管理。 张红（1964~　），男，吉林长春人，陕西师范大学旅游管理副教授，硕士生导师，研究方向为旅游企业经营与管理。通讯作者。 王迪（1989~　），女，陕西师范大学旅游管理专业2012级硕士生，研究方向为旅游企业管理。
  • 基金资助:
    教育部人文社科规划基金项目（10YJA790243）。

Research on the Relationship between Executive Compensation and the Growth of Tourism Listed Company in China#br#

Li Honghui / Zhang Hong / Wang Di   

  1. School of Tourism and Environment，Shanxi Normal University，Xi’an 710062，China
  • Received:2013-12-23 Online:2014-03-31 Published:2014-06-09

PDF (PC)

被引次数

4

摘要： 薪酬制度是现代公司治理的中心环节之一，高管薪酬是影响旅游上市公司成长性的重要因素。本文首先基于2007~2012年21家旅游上市公司的面板数据，使用主成分分析法得出了旅游上市公司成长性指数。进而对旅游上市公司高管薪酬与成长性之间的关系进行了研究假设与实证分析，并得出了高管的货币薪酬、高管持股、高管年薪增长率与公司成长性呈显著正相关，第一大股东性质与公司成长性呈显著负相关关系，国有控股对旅游上市公司的成长影响显著的结论。

关键词: 高管薪酬; 成长性; 旅游上市公司; 主成分分析

Abstract: Compensation System is one of the key aspects of modern corporate governance. Furthermore, executive compensation is the pivotal factor affecting the growth of tourism listed company. Based on the panel data of 21 tourism listed companies from 2007 to 2012, the author of this paper attempts to obtain the growth index of tourism listed company through principal components analysis of related data. And then, the author puts forward hypothesis about relationship between the executive compensation and growth of tourism listed company, and the author also conducts empirical analysis to test it. The results prove that the monetary compensation of the executive and its growth as well as the shareholding of the executive are positively correlated with the growth of tourism listed company. And the category of the first shareholder is negatively correlated with the growth in a significant way. State holding also affects the growth of the company.

Keywords: executive compensation; growth; tourism listed company; principal components analysis