锦标赛理论是通过比较相对业绩来研究委托代理关系的一种激励机制理论。
Tournament theory is a theory of incentive mechanism in the principal-agent relationship which is based on the comparison of individual relative performance.
本文的研究发现主要有：1、中国上市公司高管薪酬差距符合锦标赛理论；
The conclusions include: 1. the pay gap of top management of China's listed companies is consistent with the theory of tournament;
文章从业绩相关理论、锦标赛理论和专用化人力资本理论出发，对总经理更换后的高管团队稳定性进行了理论分析和实证检验。
Based on the difference of government controlling, the state holding listed companies are classified and the relation between CEO turnover and firm performance is examined.
文章从业绩相关理论、锦标赛理论和专用化人力资本理论出发，对总经理更换后的高管团队稳定性进行了理论分析和实证检验。
Based on the difference of government controlling, the state holding listed companies are classified and the relation between CEO turnover and firm performance is examined.
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