西方薪酬委员会制度研究综述
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外国经济与管理 2006 年 第 28 卷第 09 期, 页码：16 - 23
摘要
参考文献
摘要
随着薪酬委员会制度在美英等发达国家的普及,该制度已成为西方公司治理结构不可或缺的组成部分。目前,关于薪酬委员会制度有效性的问题,学术界存在观点分歧。理论上,虽然三层次代理理论和公平理论为薪酬委员会的设立提供了理论依据,但也有学者运用经理权力模型、竞标理论和锦标赛理论等对薪酬委员会制度的有效性提出了质疑。而以三层次代理理论、经理权力模型等理论为假设前提的实证研究则集中从薪酬委员会成员的任职资格决定因素、薪酬委员会设立和薪酬委员会构成对经理薪酬的影响,以及薪酬委员会成员报酬激励对经理薪酬的影响等方面对薪酬委员会的独立性和有效性进行验证,但结论也不完全一致。本文对西方相关理论和实证研究成果进行了述评。
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[3]Stuart Ogden,and RobertW atson.Remuneration comm ittees and CEO pay in the UK privatized water industry[J].Socio-Eco-nom ic Review,2004,2:33-63.
[4]Eric A lan Fong.Ch ief executive officer(CEO)to CEO compensation equ ity—a d issertation presented to the graduate school of theun iversity of Florida in partial fu lfillm ent of the requ irem ents for the degree of doctor of ph ilosophy[D].Un iversity of Florida P.H.D.Paper,2004.
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[6]F in lelstein S,and Boyd B.How much does the CEO matter?The role ofmanagerial d iscretion in the setting ofCEO compensation[J].Academy ofManagem ent Journal,1998,41:179-199.
[7]Ezzam elM,andW atson R.Market compensation earn ings and b idd ing-up of executive cash compensation:evidence from the UK[J].Academy ofManagem ent Journal,1998,41(2):221-231.
[8]Harry A,Newsman,andMozesH A.Does the composition of the compensation comm ittee influence CEO compensation practices[J].F inancialManagem ent,1999,28(Aut.):41-53.
[9]Kesner I F.D irectors’characteristics and comm ittee m embersh ip:an investigation of type occupation,tenure and gender[J].A-cademy ofManagem ent Journal,1988,31:66-84.
[10]B ilimoria D,and P iderit S K.Comm ittee m embersh ip:effects of sex-based b ias[J].Academy ofManagem ent Journal,1994,37:1453-1477.
[11]N ikos Vafeas.The determ inants of compensation comm ittee m embersh ip[J].Corporate Governance,2000,8:4-6.
[12]RaillyM,and Scott D.An inside look at compensation comm ittees[R].D raft Paper,2004.
[13]Anderson R C,and B izjak JM.An emp irical exam ination of the role of the CEO and the compensation comm ittee in structuringexecutive pay[J].Journal of Bank ing and F inance,2003,27(7):1323-1348.
[14]Main B G M,and Johnson J.Remuneration comm ittees and corporate governance[J].Accounting and Business Research,1993,23:351-362.
[15]Conyon M J,and Peck S I.Board control,remuneration comm ittees,and top managem ent compensation[J].Academy ofMan-agem ent Journal,1998,41:146-157.
[16]O’Reilly C A,Main B G,and C rystalG S.CEO compensation as tournam ent and social comparison:a tale of two theories[J].Adm in istrative Science Quarterly,1988,33:257-274.
[17]Daily C M,and Johnson J L.Compensation comm ittee composition as a determ inant ofCEO compensation[J].Academy ofMan-agem ent Journal,1998,41:209-220.
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王子成, 张建武. 西方薪酬委员会制度研究综述[J]. 外国经济与管理, 2006, 28(9): 16–23.
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