Research On The Company's Senior Managers Education Income

In the era when the popularization of higher education is about to become popular,people enjoy the benefits of universal education,and feel the sense of crisis of "depreciation of diplomas".So,for individuals,is education still worth investing?What decision should we make in the face of further studies,study abroad,schools and discipline choices?For enterprises,can high-quality talents bring high corporate profits,and how does it affect corporate profits?This study answers the above questions through quantitative research,and provides theoretical support and reference suggestions for individual investment choices and corporate decision-making.This study takes the A-share listed companies from 2012 to 2017 as a sample,and explores the benefits and impacts of education from the two dimensions of executives and company teams.The study uses descriptive statistics such as mean and cross-tabulation to describe executive group as a reference for educational choices.Based on the Mincer equation,the study estimates the personal rate of return through multiple regression and sample-sample regression,and the impact of various factors on personal income is analyzed.Through multiple regression and path analysis,the research points out the influence and mechanism of the senior team education level on the company's earnings.Finally,based on the research findings,relevant recommendations are made.Personal-level research has found that executives' investment in education can achieve high returns,the average rate of return on education is 11.8%,which is higher than the general level of developing countries.Among all qualifications,people with master degree have the highest rate of return,27.0%.The rate of return in science education background is higher than liberal arts.Therefore,the master's degree and the science background are more in line with the needs of the executive market,while the impact of studying abroad and prestigious schools on income is not significant.The rate of return on education of non-state-owned enterprises is higher than that of state-owned enterprises,and the rate of return on education in the eastern,central and western regions is decreasing.This reflects that regions and enterprises with higher market competitiveness and stronger liquidity always have the higher rate of return.As the number of education increases,the income gap in the eastern,central and western regions will further expand.Although women's income is at a disadvantage compared to men,education can narrow the income gap between men and women.In addition,the impact of education on income decreases as the time of work increases.The macroeconomic environment and corporate characteristics also have an impact on individual incomeThe company-level study found that the average length of education for the senior management team,the proportion of people graduated from prestigious schools or studying abroad all have a significant positive impact on corporate earnings,that is,a good educational background can lead to higher corporate income.Enterprise innovation investment and income incentives play an intermediary role in this process,that is,the educational background directly or indirectly affects the company's earnings through the above two variablesTherefore,while education is popular,both individuals and governments should pay attention to the income gap caused by education.Encourage women to receive more education.Improve labor market mechanisms to promote market competition and information flow.Imposing differential education taxes to support the education development in the central and western regions.Enterprises should pay attention to team building and enhance school-enterprise cooperation.