The Relationship Between Employee Compensation And Firm Value: An Empirical Study Of Non State-Owned Firms

被引：0
|
作者：
Tian Chunxiao [1 ]
Liu Hui [1 ]
机构：
[1] Zhe Jiang Univ Finance & Econ, Hangzhou, Zhejiang, Peoples R China
来源：
INTERNATIONAL SYMPOSIUM ON HUMANISTIC MANAGEMENT AND DEVELOPMENT OF NEW CITIES AND TOWNS (ISHMD 2014) | 2014年
关键词：
employee compensation; firm value; management compensation; size;
D O I：
暂无
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
According to the agency theory, the agency problem between management and employees has always been neglected However, does an employee contribute to the firm's value? The agency problem should be neglected? Why connect the compensation to firm value? To solve these, this paper has selected 427 non state-owned in 2012. The paper has found that the employee compensation has a significant positive relationship with the firm value, and managerial compensation has an inversed U relationship with the firm value.
引用
收藏
页码：228 / 234
页数：7
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