锦标赛理论是由Lazear和Rosen共同提出来。锦标赛理论认为：与既定晋升相联系的工资增长幅度，会影响到位于该工作等级以下的员工的积极性；只要晋升的结果尚未明晰，员工就有动力为获得晋升而努力工作。因此，该理论主张企业通过晋升激励员工。
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;
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.
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.
应用推荐