An Empirical Study On Correlative Factors Of The Pay Gap Of Top Management Of Listed Companies In Manufacturing Industry

Three decades of reform and opening up, China's manufacturing industry from the imitation of the Soviet Union, private foreign capital to inject into the world, experienced a revival, the rise of the rapid development of world-famous. Not only establish a solid manufacturing base, but also for the national economy and people's lives provides ample production and wealth of consumer goods. More importantly, it also plays a role in the economic development engine, the entire Chinese economy has driven the rapid advance. However, in the process of rapid development, as the biggest industry of our economy - manufacturing industries have revealed many problems and difficulties into the development of the Lost. Faced with these problems to be solved, our industry must be completed as soon as possible with technology, management, business model as the core of the three modern industrial upgrading and transformation. The modern management undoubtedly plays a key role.The current study focused on two pay levels and pay structure. The relative impact of senior executives, the pay structure design may be more important, top management team pay gap within the salary structure of senior management is very important part of the design.From the manufacturing industry is facing the urgent task of upgrading and restructuring in corporate governance and executive compensation in the importance, this paper select the 2009 annual reports of listed companies manufacturing the sample data to cross-section regression statistical methods, using econometric software Eviews5, Spss6 and excel for data processing, from the perspective of the manufacturing sector pay bodies corporate executive pay gap within the team to examine pay disparities within top management team and manufacturing firm performance link, and to study other relevant factors, and make recommendations.