产品市场竞争、管理者激励与公司绩效的理论与实证

上海交通大学学报（自然版）

产品市场竞争、管理者激励与公司绩效的理论与实证

谭云清1，2，刘志刚3，朱荣林1

(1.上海交通大学安泰经济与管理学院，上海 200052； 2.上海立信会计学院工商管理学院，上海 201620；
3.上海交通大学成人教育学院，上海 200030)

收稿日期:2007-11-12 修回日期:1900-01-01 出版日期:2008-11-28 发布日期:2008-11-28
通讯作者: 谭云清

Product Market Competition， Managerial Incentives and Firm Performance： Theory and Evidence

TAN Yun-qing1，2，LIU Zhi-gang3，ZHU Rong-lin2

(1．Antai College of Economics ＆ Management, Shanghai Jiaotong University, Shanghai 200052， China；
2.School of Business and Administration, Shanghai Lixin University of Commerce, Shanghai 201620，
China；3.Continuing Education College, Shanghai Jiaotong University, Shanghai 200030， China)

Received:2007-11-12 Revised:1900-01-01 Online:2008-11-28 Published:2008-11-28
Contact: TAN Yun-qing

摘要/Abstract

摘要： 通过Hotelling模型分析和中国上市公司实证检验发现，产品市场竞争和管理者激励能有效提高管理者努力水平，促进公司营运效率的提升，并且产品市场竞争与管理者激励互为补充地作用于公司绩效，竞争越激烈，管理者激励的改善对于提高公司绩效的边际效率越高.

关键词: 产品市场竞争, 管理者激励

Abstract: This paper analyzed the relationship among product market competition, managerial incentives and firm performance by both the Hotelling model and evidence from China’s listed companies.The results show that product market competition and managerial incentives can improve the firm’s operating performance， and the existence of complementarities between product market competition and managerial incentives.

中图分类号:

F 276.6

谭云清,刘志刚，朱荣林. 产品市场竞争、管理者激励与公司绩效的理论与实证[J]. 上海交通大学学报（自然版）.

TAN Yun-qing1，2，LIU Zhi-gang3，ZHU Rong-lin2. Product Market Competition， Managerial Incentives and Firm Performance： Theory and Evidence[J]. Journal of Shanghai Jiaotong University.