基于利益相关者的高管人员绩效评价研究

华中科技大学硕士学位论文基于利益相关者的高管人员绩效评价研究姓名：钱仲帅申请学位级别：硕士专业：企业管理指导教师：王宗军20061026I2080IIAbstractAfterthescholarsholdingdifferentopinionsdebatedimpetuouslyin1980s,onthedistributionofrightofthefirm,reachfiledintheoryofthefirmhasdevelopedintotwomainbranchesgradually:shareholderprimacytheoryvs.stakeholdertheory.Shareholderprimacytheoryismainstreamofmoderntheoryofthefirm;thephenomenonisverypalpableinChineseacademe.Butstakeholdertheoryhasbeenunderstoodinwesternfirm.studyoncoordinatethestakeholders’interestsincorporategovernancestructureisanimportantacademicfieldincontemporarytheoryofthefirm.Thedissertationresearchestherealizationofstakeholders’interestsandinChineseresourcefirmandtheimplicationincorporategovernance.Inourcountry,thecorporationhasbeenthemainformforourState-OwnedEnterprises(SOEs),andhecorporategovernancehasalsobeenaveryimportantproblem.Inouropinion,thereformofChineseSOEs’CorporationGovernancealsodependsonthestakeholders’co-governancemechanism.Itmakesacomparisonbetweenstakeholdertheoryandshareholdertheory.Itpointsoutthatstakeholdertheoryhasprovidedaframeworktoanalysetheinternalcomplicatedenterprisesinterestrelationshipswithincontemporary.Sincethestakeholdersinvestdifferentresourcesintoenterprise,theydefinitelypossessinterestsintheenterprise.Theirinterestclaimsareexpressedthroughperformanceevaluationsystem.Intheend,thispaperestablishedanindexsystemofperformanceevaluationonthebaseofstakeholdertheory.Inordertoincreasethepracticalityofevaluationsystem,thepapermakessomeresearcheson1)howtosettheweightofindicators,2)howtoquantifyqualitativeindicators,3)howtoeliminatetheinfluenceofvariousindicators'dimensions.Bydoingthese,thepapersettlestheproblemofsyncreticbasis.Finally,anempiricalstudycaseispresented.Keywords:StakeholderPerformanceEvaluationIndexSystem□___□“√”111.1·2005200490%10002“”“”“”86.3%79.5%80.4%28.4%20042350362.0%4.0%58.8%39.2%32.3%1.2,1.2.1JensenMeckling(1976)BerleMeans(1932)JensenMeckling()JensenMeckling,Kasper2002TracyRLewisMeyer1991(Taussings&Baker,1925)470,JensenMurphy1990Yermack1997ShleiferandVishny(1997)ShleiferandVishny(1997)HallLiebman1998AggarwalSamwick1999CEOBrain2000CEOFreshtmanJuddKL1987CoreGuay(1999)(Kersh,1974),(Rosen,1982),(Kerstuke,1983),(Barro,1990),(1993),(Conyon&Schwalbach,1999),(Murphy,1986),(Barro,1990),(Gibbons&Murphy,1990),(1993)CEO,,CEO,,(Korr&Kron,1992),(Mehran,1995),,5;1.2.22002,200420052005(2000)1998765ROE(2000)1998748ROE(2002)1999ROE(2002),2000,,6722.1199730“”272-12-1Standfordmemo1963Rhenman1964Ahlstedt&Jahnukainen1971Freeman&Reed198391Freemen198446Freeman&Gilbert198739Cornell&Shapiro19875Evan&Freeman198875-76stakeEvan&Freeman198879Bowie198811282-1Alkhafaji198936Carroll198957Freeman&Evan1990Thompsonetal.1991209Savageetal.199161Hill&Jones1992133Brener1993205Carroll199360Freeman1994415Wicketal.1994483Langtry1994433Staffk199490Clarkson19945——Clarkson1995106Näisi199519Brenner199576Donaldson&Preston1995859“”“”“”“”“”“”explicitcontractsimplicitcontracts“”“”“”272.22090(Mitchell&Wood,1997)(score-basedapproach)(stakeholderidentification)10(stakeholdersalience)(Mitchell,1997)1(definitivestakeholders)2(expectantstakeholders)3(latentstakeholders)(dormantstatus)11(Mitchell&Wood,1997)1·2-22-2(·)22-32-3::::123200113(2004)400(2-4)4142-4[14][46][610]20061533.11999Werner20002003123453.21161=100%×2=3=“”4=100%×+217()1=100%×()2=100%×()3()=100%×()()004=100%×518=()3.311=100%×12=100%×3=100%×192123453.41=100%×2=20:3=4100%90%5=100%×3.5·“()”3-1:213.6()“”1=100%×;2=100%×011100%3-12213=100%×3.71+=2=100%×3=100%×234200020012001)Holmstrom(1979)(RPE)GibbonsMurphy(1990)(Kaplan1996)(Preskill&Torres2000)(2002)(2004)EVA4.124(James2002)AHPFitzgeraldtheresultanddeterminantsframeworkBSCBrownSvensonFosterSaaty19714-125Kaplan&Norton19964.22004200520052005123564SthEmpOblCliSupGovP+=++4-1PSthEmpOblCliSupGov26PPerformanceSthStockholderEmpEmployeeOblObligeeCliClientSupSuplierGovGovernmentiw1,2,3,4,5,6()i=:AHP4.2.1——1991200120022002AHP1274-1CC0Cij1/CijCji=1Cii=2C1/niCijCijCij==∑1njCiCij==∑4-1CiCjCijCiCjCiCj1CiCjCiCj2CiCjCiCj3CiCjCiCj4CiCjCiCj51/CijCji=C1111nmmnCCCCC=…iw1/niiwCiCi==∑284.2.21max1[()/]niiiCwnwλ==∑2max()/(1)CInnλ=−−RI4-2)4-2RIn12345678910RI000.580.901.121.241.321.411.451.493/CRCIRI=CRCR0.14.2.3MATLAB7.01290.0540.0990.151P0.0880.2160.393w=CI=0.028RI=1.24CR=0.02220.2710.0760.0760.123Sth0.1230.0730.0730.187w=CI=0.044RI=1.45CR=0.03020.0480.1100.145Emp0.2810.1090.127w=CI=0.126RI=1.32CR=0.09620.2670.054Obl0.1120.1500.418w=CI=0.040RI=1.12CR=0.0362300.0580.1900.0590.065Cli0.1900.1980.1070.133w=CI=0.060RI=1.41CR=0.04320.122Sup0.3200.558w=CI=0.009RI=0.58CR=0.01620.333Gov0.1400.527w=CI=0.027RI=0.58CR=0.0464-34-30.2410.0950.0680.0270.0680.0270.1090.0430.1090.0430.1090.043()0.0650.0250.0650.025Sth0.3930.1670.0660.0480.010Emp0.2160.1100.024310.1450.0310.2810.0610.1090.024Emp0.1270.0280.2670.0230.0540.0050.1120.0100.1500.013Obl0.0880.4180.037324-30.1330.0200.1070.0160.1980.0300.1900.0290.0