作　　者： ; ; ;

机构地区： 中山大学国际商学院

出　　处： 《南方经济》 2011年第7期50-56,80,共8页

摘　　要： 本文在一般均衡的框架中,运用匹配与分类的思想,综合考虑了技术变革所引起的沟通成本的降低和技术进步对劳动力技能产生的"技能贬值"效应,将技术进步、产业组织结构变化与工资差距三者相结合建立模型。该模型能够将产业组织架构内生化,对不同能力的员工进行生产职能分配,并能给出技术变革与工资水平差距的内在联系;同时,本文利用珠三角的经济发展事实对以上模型结论提供了经验证据。 Based on the Cash-holding market value model, this paper investigates the governance effect of the twrn over of senior executives in listed companies in China. The result indicates that the change of senior executives would increase the market value of cash-holding significantly on the whole, which means that the change of senior executives has governance effect. However, such value increasing effect relies on governance mechanism, nature of ownership and the type of senior executives change. It can be embodied as, first, the change of senior executives could increase the market value of cash-holding obviously in corporations with weak governance, while such phenomenon does not exist in good governance corporation. Second, the change of senior executives in the listed state-owned enterprise could increase the market value of cash-holding in a larger extent. Third, ameliorative change would increase the corporation value better than frictional change, while natural change would devalue the whole corporation.

关 键 词： 技术革新 产业层级分工 工资差距

领　　域： [经济管理]