Research On Salary Incentive Of State Holding Listed Company Executive

With the advent of the era of knowledge economy and the speeding up of globaleconomic integration, the competition between enterprises has become thecompetition of human resources. Human capital is not only boarded the stage ofhistory, but increasingly dominant, become a key element of enterprise corecompetitiveness. Enterprise senior management as the enterprise daily businessactivities of policymakers, regulators and controllers, in the enterprise occupies thecentral position, give play to the role of the various elements of the configuration, hasa vital influence on enterprise’s survival and development.In the1970s, opened the prelude of enterprise reform in our country, to establish"property rights clear, distinct power and responsibility, separation of enterprise fromadministration, and scientific management" of the modern enterprise system as thereform goal. Ownership and operation separate is the significant characteristic ofmodern enterprise system, and the separation of two rights led to the generation of"principal-agent" relation. The implementation of corporate performance linkedincentive and restraint policy to agent who master the business ownership,can promptthe agent interests tend to be consistent with the interests of the principal, thus reduceagency costs.State-owned enterprises are the pillar of the national economy, is the key to thedevelopment of the economy in our country. And State-owned enterprises executivesas the leaders of enterprise, the core policy makers, plays a key role to the companyand the country’s economic development, whether the executive compensationincentive system perfect and effective has an important impact on the development ofnational economy. So take effective incentives to stimulate the senior managementhas far-reaching significance for the survival and development of State holding listedcompanies.This article, state-owned listed companies as the research background, withprincipal-agent theory, human capital theory, incentive theory as the theoretical basis,using normative research combined with empirical analysis method, to analyze thecorrelation of state-owned listed company executive pay and corporate performanceas the breakthrough point, studies the problems existing in the current executivecompensation incentive system, and puts forward the corresponding solutionmeasures, combined with China’s national conditions and the particularity of the stateholding listed companies.To provide theoretical support for the perfecting of state-owned holding listed company executive compensation incentive system, theimproving enterprise performance and the making of government policy in the future.