A Study On Corporate Performance Evaluation And Executive's Payment Mechanism

Based on the theory of performance evaluation, the theory of executive's payment and the relativity between them, the thesis analysis the relativity between corporate performance and the executive's payment by using model analysis method. On the assumption that the condition of corporation is almost the same, the corporate performance is mainly lie on the extension of executive's endeavor based on his own ability. While, the extension of executive's endeavor can be excited by the reward mechanism, it concludes that scientific and reasonable rewards mechanism can promote executive's endeavor for improving corporate performance. It means that executive's payment can reflect the corporate performance objectively and faithfully.Subsequently, through factor analysis method, regress analysis method and relativity analysis method, a positive analysis is carried out to analyze relativity between executive's payment and corporate performance of listed companies in china. The conclusion indicated that state owned corporate current performance has influence on executive's current payment to some extent. But it is not the vital factor. State-owned Corporation's current-period rewards mechanism still needs further improvement. Analyze on different industries, it concludes that corporate current-period performance in real estate, information technology, manufacturing and supplying industry of electricity, gas and water have some influence on the executive's current payment, but still not the main factors. Executive's payment and corporate performance in industries of transportation& storage, service etc. even don't have any linear relativity. From long-term period, there is no executive's share motivating mechanism matching with corporate long-term performance in state-owned corporations in china. Executive's long-term motivating mechanism needs to be established urgently.At last, based on academic deduction and the conclusion of demonstration, the thesis constructs a more feasible and effective corporate performance evaluation system by ameliorating existing performance evaluation system so as to evaluate corporate performance in a more objective, accurate and dynamic way. Meanwhile, the thesis analyzes executive's payment motivating mechanism according to Maslow-Need-hierarchy theory. It put forward a set of executives reward construction and reward confirming method that suitable to present corporate...