自愿性环境规制对资源型企业高管薪酬的影响研究

郑明贵,邱均远,顾东明,林玉华

Impact of Voluntary Environmental Regulations on Executive Compensation of Resource-based Enterprises in China

Minggui ZHENG,Junyuan QIU,Dongming GU,Yuhua LIN

表3 主要变量描述性统计

Table 3 Descriptive statistics of main variables

变量 样本数/个 均值 标准差 最小值 最大值 lnGGXC 4 479 14.350 0.661 12.760 16.320 ISO14001 4 479 0.257 0.437 0 1.000 ATO 4 479 0.714 0.533 0.008 7.871 Market 4 479 7.785 1.987 2.870 10.990 Size 4 479 22.460 1.433 20.160 26.420 Lev 4 479 0.446 0.205 0.059 0.913 ROA 4 479 0.040 0.055 -0.156 0.210 Cashflow 4 479 0.058 0.064 -0.120 0.241 Board 4 478 2.160 0.207 1.609 2.708 Indep 4 478 0.370 0.050 0.333 0.556 Dual 4 433 0.216 0.412 0 1.000 BM 4 479 1.271 1.314 0.121 7.090 TobinQ 4 386 1.738 0.923 0.837 6.002 SOE 4 479 0.451 0.498 0 1.000 FirmAge 4 479 2.855 0.327 1.792 3.466 Top1 4 479 0.364 0.151 0.100 0.794 Mshare 4 327 0.127 0.201 0 0.672