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6768为了深入探讨企业高管激励对环境绩效的影响，文章基于委托代理理论和合法性机制，采用我国2009–2012年沪深两市166家上市公司的相关公开数据，运用PSM方法排除内生性因素的干扰，实证检验了在其他条件不变的情形下，上市公司高管薪酬与环境绩效的相关性。研究发现，高管薪酬与环境绩效之间呈倒U形关系，同时外部治理环境对不同水平的高管薪酬及环境绩效能产生差异化影响。研究结果表明高管薪酬是影响企业环境绩效的一个重要因素，为企业在考核高管绩效、确定其薪酬时，将环境绩效水平列为重要的考核指标提供了经验证据，也为政府营造低干预、高法治水平的外部治理环境，并在逐步向服务型政府转型的同时加大环境执法力度提供决策参考。
高管薪酬与环境绩效——基于上市公司外部治理环境的视角
摘要
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引用本文
周晖, 邓舒. 高管薪酬与环境绩效——基于上市公司外部治理环境的视角[J]. 上海财经大学学报, 2017, 19(5): 27–39.
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