| Issue |
SHS Web Conf.
Volume 170, 2023
2023 International Conference on Digital Economy and Management Science (CDEMS 2023)
|
|
|---|---|---|
| Article Number | 03018 | |
| Number of page(s) | 5 | |
| Section | Enterprise Operation and Human Resource Management | |
| DOI | https://doi.org/10.1051/shsconf/202317003018 | |
| Published online | 14 June 2023 | |
Executive compensation stickiness and oil and gas resource enterprise value
School of Economics and Management, Northeast Petroleum University, High-tech Development Zone, Daqing, Heilongjiang, China
a dqyanghongbo@126.com
*b Corresponding author: 1123190509@qq.com
Taking listed petroleum and petrochemical companies from 2013 to 2021 as samples, this paper empirically examines the impact of stickiness of executive compensation on the value of petroleum and petrochemical enterprises and its influence path. The results show that the stickiness of executive compensation has a positive effect on the value of petroleum and petrochemical enterprises. The stickiness of executive compensation helps to improve the resource utilization rate of petroleum and petrochemical enterprises. Resource utilization plays a partial mediating role on the main effect, and there is an influence path of "stickiness of executive compensation - resource utilization - enterprise value". Equity incentive plays a significant moderating role. The gradual improvement of equity incentive contract will weaken the positive promoting effect of stickiness of executive compensation on the value improvement of petroleum and petrochemical enterprises.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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