以高管人员薪酬为被解释变量,股权结构为解释变量,得出国有股比例与上市公司高管人员年度报酬,总经理持股比例负相关,法人股比例与之正相关,流通股比例与之不相关,且第一大股东性质为国有股与高管人员年度报酬,总经理持股比例负相关结论。
The authors regard top management as explained variable and stockholder structure as explanatory variable, then conclude that top management and executive shareholding are negatively related to state share proportion, positively related to corporation share proportion, unrelated to current share proportion, and negatively related to state share of the largest stockholder.