醫(yī)藥制造業(yè)高管薪酬與公司績效研究

摘要

本次研究以弄清我國醫(yī)藥制造業(yè)高管薪酬與公司績效之間的關(guān)系為目的。近年來，國內(nèi)外學(xué)者從不同角度出發(fā)對高管薪酬如何影響公司績效這一問題進(jìn)行了多次研究。但目前學(xué)術(shù)界針對這一問題尚未形成一致的看法，并且大部分學(xué)者尚未基于具體行業(yè)對此問題展開研究，專門針對我國醫(yī)藥制造業(yè)的研究更是少之又少。因此，本文立足于我國醫(yī)藥制造業(yè)這一獨(dú)特的行業(yè)，結(jié)合委托-代理理論、錦標(biāo)賽理論、規(guī)模經(jīng)濟(jì)理論等有關(guān)理論，在分析醫(yī)藥制造業(yè)公司績效及高管薪酬現(xiàn)狀的基礎(chǔ)上，以2014-2018年醫(yī)藥制造業(yè)上市公司的數(shù)據(jù)為研究樣本，從高管薪酬水平、高管薪酬結(jié)構(gòu)、高管薪酬差距三個方面探究高管薪酬與公司績效之間的關(guān)系。

實(shí)證結(jié)果表明：我國醫(yī)藥制造業(yè)高管薪酬與公司績效正相關(guān)。因此，我國醫(yī)藥制造業(yè)企業(yè)在制定薪酬激勵制度時應(yīng)充分考慮到薪酬水平、薪酬結(jié)構(gòu)、薪酬差距對企業(yè)績效的影響，適度提高高管薪酬水平，完善薪酬結(jié)構(gòu)，適度增大薪酬差距，以達(dá)到激勵高管努力工作，最大化提高企業(yè)經(jīng)營業(yè)績的目的。 

關(guān)鍵詞：醫(yī)藥制造業(yè)  高管薪酬  公司績效

Abstract

The purpose of this study is to clarify the relationship between executive compensation and company performance in China's pharmaceutical manufacturing industry. In recent years, scholars at home and abroad have studied how executive pay affects company performance from different angles. However, the academic community has not yet formed a consensus on this issue, and most scholars have not yet conducted research on this issue based on specific industries. The research on China's pharmaceutical manufacturing industry is even less. Therefore, this article is based on the unique industry of Chinese pharmaceutical manufacturing industry, combined with the principal-agent theory, tournament theory, and scale economy theory, based on the analysis of the performance of pharmaceutical manufacturing companies and executive compensation status. Taking data from listed companies in the pharmaceutical manufacturing industry as a sample, this paper explores the relationship between executive pay and company performance from three aspects: executive pay level, executive pay structure and executive pay gap.

Empirical results show that executive compensation is positively correlated with corporate performance in China's pharmaceutical manufacturing industry. Therefore, when formulating salary incentive system, Chinese pharmaceutical manufacturing enterprises should fully consider the influence of salary level, salary structure and salary gap on enterprise performance, properly improve the salary level of senior managers, improve the salary structure and increase the salary gap in order to motivate senior managers to work hard and maximize the improvement of enterprise performance.

Key words:Pharmaceutical manufacturing industry; Executive compensation; C-orporate performance

目錄

第1章緒論 1

1.1 研究目的和研究意義 1

1.2 研究內(nèi)容和內(nèi)容安排 1

第2章相關(guān)理論概述 2

2.1 相關(guān)概念定義 2

2.2相關(guān)理論基礎(chǔ) 2

第3章醫(yī)藥制造業(yè)公司績效及高管薪酬統(tǒng)計分析 4

3.1醫(yī)藥制造業(yè)公司績效研究 4

3.2醫(yī)藥制造業(yè)高管薪酬水平研究 5

3.3醫(yī)藥制造業(yè)企業(yè)發(fā)展中存在的問題 6

第4章醫(yī)藥制造業(yè)高管薪酬與公司績效回歸分析 6

4.1回歸分析設(shè)計 6

4.2數(shù)據(jù)描述性統(tǒng)計 8

4.3回歸估計結(jié)果及討論 10

第5章結(jié)論及建議 14

5.1可行性建議 14

5.2結(jié)論 14

參考文獻(xiàn) 15