The Executive Salary Limit Method and the High-quality Development of State-owned Enterprises
In 2009 and 2015,the Ministry of Human Resources and Social Security and the State-owned As-sets Supervision and Administration Commission(SASAC)successively issued salary limit regulations for senior executives of state-owned enterprises,adopting two different methods:absolute salary limit and relative salary limit,Which method can better promote the high-quality development of state-owned enterprises?The study was con-ducted with a sample of A-share state-owned enterprises from 2010 to 2023.The results show that compared with absolute salary limit,relative salary limit can promote the high-quality development of state-owned enterprises,and the higher the degree of relative salary limit and the higher the quality of internal control,the above relation-ship is more obvious.Further research finds that the improvement of the development quality of state-owned enter-prises is achieved by reducing earnings management and improving innovation efficiency,and it is more obvious in state-owned enterprises with high product market competition and real state-owned enterprises.The conclusions of the study have enlightening significance for the SASAC to reasonably formulate and effectively implement the salary limit regulations,improve the quality of internal control of enterprises,and promote the high-quality devel-opment of state-owned enterprises.
absolute salary limitrelative salary limittotal factor productivityinternal control quality
万方数据
维普
