Empirical Research On Executive Incentive Compensation Of Listed Companies Impact On Enterprise Performance

As the twenty-first century the coming of the knowledge economy time, joint-stocksystem and limited liability occupied the main position in our country enterpriseorganization. Based on the separation, Executive pay incentive management role athome and abroad has been the most academic and corporate issue of concern.After the2008financial crisis, compared with global, China’s economic recoverytakes the lead in show signs.2009first quarter report listed company, with a net profitof203.76billion yuan, the insurance industry, chemical industry, electric power, civilaviation, non-ferrous11industry profitability and although commodities, steel and otherfour losses in industry.This paper based on this background, from both theoretical andempirical discusses how executive incentive salary affects performance. The resultsshow: Executives monetary compensation, The proportion of executive ownership andperformance of the company are linear positive correlations; Executive incentivecompensation degree of influence on company performance by the impact ofstate-owned stake, the industry.Arrangements in the structure, First reviews relevant empirical research, based onrelevant theories, listed theory analysis on China’s executive pay to the influence of itsachievement motivation, and put forward a series of assumptions. Then, select China’sShanghai and Shenzhen670listed companies a total of2010samples for an empiricalstudy.Then from the actual control over the nature, industrial competition form in twoaspects of the sample group, the different circumstances listed company executivesalary incentive to the influence degree of the performance of the company. At last,according to the empirical results, put forward some suggestions.