期刊文献+

上市公司内部控制缺陷披露与高管薪酬的关联研究 被引量:19

The Association Study of Disclosure of Internal Control Deficiencies and Executive Compensation Contracts
下载PDF
导出
摘要 以《企业内部控制配套指引》在沪深主板上市公司实施为背景,基于薪酬契约理论,选用2012年内部控制信息数据为研究样本,描述上市公司内部控制缺陷披露行业特征,通过构建OLS回归模型,探究上市公司内部控制缺陷披露与高管薪酬之间的关联关系。研究发现:我国上市公司内部控制缺陷披露与其高管薪酬水平存在一种倒置现象,即相对于未披露其内部控制缺陷的上市公司,那些披露其内部控制缺陷的公司具有更高的高管薪酬水平;同时,我国上市公司内部控制缺陷披露显著提高了上市公司高管薪酬业绩敏感性。 Based on the background of the implementation of "Guidelines for Enterprise Internal Control"and the Compensation Contracts theory,describing the industry characteristics of listed companies to disclose internal control deficiencies,building on OLS regression model,using the 2012 internal control data,we explore the relationship between behaviors of the disclosure of internal control deficiencies and the executive compensation levels on Chinese listed firms.We find that there is an inversion phenomenon between internal control deficiencies of listed companies and their executive pay levels,the firms which disclosed their internal control deficiencies have a higher level of executive compensation,and the disclosure of internal control deficiencies increases the pay for performance sensitivity of the Chinese listed firms.
出处 《东北师大学报(哲学社会科学版)》 CSSCI 北大核心 2015年第2期77-80,共4页 Journal of Northeast Normal University(Philosophy and Social Science Edition)
基金 国家自然科学基金项目(71272055)
关键词 上市公司 内部控制 内部控制缺陷 薪酬—业绩敏感性 《企业内部控制配套指引》 Internal Control Internal Control Deficiencies Pay for Performance Sensitivity "Guidelines for Enterprise Internal Control"
  • 相关文献

参考文献9

  • 1Jensen M,Meckling W.Theory of the firm:managerial behavior,agency costs and ownership structure[J].Journal of Financial Economics,1976,3(4):305-360.
  • 2Holmstrom B.Moral hazard and observability[J].Bell Journal of Economics,1979,10(1):74-91.
  • 3Jensen M,Murphy K.Performance pay and topmanagement incentives[J].Journal of Political Economy,1990,98(2):225-264.
  • 4辛清泉,谭伟强.市场化改革、企业业绩与国有企业经理薪酬[J].经济研究,2009,44(11):68-81. 被引量:478
  • 5谢德仁,林乐,陈运森.薪酬委员会独立性与更高的经理人报酬—业绩敏感度——基于薪酬辩护假说的分析和检验[J].管理世界,2012,28(1):121-140. 被引量:150
  • 6Hoitash R,Hoitash U,Johnstone K.Internal control material weaknesses and CFO compensation[J].Contemporary Accounting Research,2012,29(3):768-803.
  • 7Hoitash U,Hoitash R,Bedard J.Corporate governance and internal control over financial reporting:A comparison of regulatory regimes[J].Accounting Review,2009,84(3):839-867.
  • 8Feng M,Li C,McVay S.Internal control and management guidance[J].Journal of Accounting&Economics,2009,48(2/3):190-209.
  • 9Johnstone K,Li C,Rupley K.Changes in corporate governance associated with the revelation of internal control material weaknesses and their subsequent remediation[J].Contemporary Accounting Research,2011,28(1):331-383.

二级参考文献126

共引文献596

同被引文献165

引证文献19

二级引证文献91

相关作者

内容加载中请稍等...

相关机构

内容加载中请稍等...

相关主题

内容加载中请稍等...

浏览历史

内容加载中请稍等...
;
使用帮助 返回顶部