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管理层激励是否能提升公司业绩一直是广大公司所有者关心的话题,也一直是学者们研究的热点。普遍的研究认为,管理层激励会提高公司业绩,减小股东与管理者之间的代理成本。本文分别从管理层薪酬、持股比例这两项显性激励和管理层在职消费这一隐形激励三个角度研究管理层激励与公司业绩之间的关系,并得出结论。
Whether management incentives can improve company performance has always been the topic of concern for the majority of company owners, and it has always been a hot spot for scholars to study. The prevailing research suggests that management incentives will improve the company’s performance and reduce the agency costs between shareholders and managers. This paper studies the relationship between management incentives and corporate performance from the three perspectives of the two explicit incentives such as management compensation and shareholding ratio and the invisible incentive for in-service consumption of management, and draws the conclusion.