The Influence of the Match-up between Top Management Compensation and Firm Environment on Corporate Profitability

• Main Authors: TSAI,CHI-FANG, 蔡季芳
• Other Authors: 薛健宏
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/f5nxrw

碩士 === 南臺科技大學 === 會計資訊系 === 106 === We study the information of listed companies on the mainland Shanghai and Shenzhen Stock Exchanges from 2010 to 2016, using risk factors (including variance of return on assets, relative variance, systemic risk, R&D intensity index), accounting performance index, and market performance indicator, growth, company size to set the regressive model of manager compensation. If the actual number of remuneration exceeds the expected return value, the remuneration is too high; otherwise, the remuneration will be too low. In this study, the residual values of the two groups are taken as absolute values, and their relationship with the return rate on the next period is discussed. The results show that both residuals have significant negative relationship with the future financial profitability indicators. That is, if the manager's compensation is poorly matched with the corporate environment, it will hurt the future business performance of the company. in contrast, the manager's compensation and the enterprise The better match between the manager's compensation and the enterprise, the company will have higher operating performance in the future.