作　　者： ;

机构地区： 河源职业技术学院

出　　处： 《保定学院学报》 2020年第2期40-45,共6页

摘　　要： 基于管理层内幕交易的薪酬动机视角,对薪酬动机下的管理层内幕交易影响因素进行理论与实证研究。结果发现:薪酬水平是影响管理层内幕交易行为的重要动因,其中管理层内部薪资差距、管理层与基层员工之间薪资差距与内幕交易之间呈现显著的正相关关系。此外,净资产收益率提高、公司规模以及独立董事规模扩大等因素也对内幕交易的发生具有一定作用。 Based on the perspective of compensation motivation of management insider trading,this paper makes a theoretical and empirical study on the influential factors of management insider trading under the compensation motivation.The results show that the salary level is an important factor influencing the insider trading behavior of the management,among which the salary gap within the management,the salary gap between the management and the grassroots employees and insider trading show a significant positive correlation.In addition,the increase of return on equity,the size of the company and the expansion of the size of the independent director also promote the occurrence of insider trading.

关 键 词： 管理层内幕交易 薪酬动机 薪资差距

领　　域： [经济管理—企业管理] [经济管理—国民经济]