高管薪酬激励、战略变革与资源型企业全要素生产率

郑明贵, 徐芳玉, 董娟

Executive Compensation Incentive，Strategic Change and Total Factor Productivity of Resource-Based Enterprises

Minggui ZHENG, Fangyu XU, Juan DONG

表3 变量描述性统计结果

Table 3 Statistical results of variable descriptive

变量 样本数/个 均值 中位数 标准差 最小值 最大值 TFP 4 663 8.496 8.592 1.102 5.691 11.663 Salary 4 663 13.309 12.883 0.636 8.192 18.094 SC 4 663 0.476 0.397 0.243 0.099 1.796 HHI 4 663 0.436 0.272 0.186 0.049 0.664 CS 4 663 0.481 0.474 0.209 0.091 0.921 Size 4 663 22.099 22.027 1.402 19.005 27.676 Roe 4 663 0.121 0.097 0.198 -0.490 0.553 Top1 4 663 33.667 33.185 16.991 6.084 77.139 Age 4 663 2.153 1.968 0.607 0.363 4.260 State 4 663 0.609 1 0.392 0 1 Tat 4 663 0.597 0.452 0.389 0.051 3.886