A Study On The Relationship Between Annuities And Operating Performance Of Listed Companies In China

According to the sixth national census data of2011, China has entered the agingsociety, the national conditions of China’s pension system, the more severe challenges.Since2004, China since the full implementation of enterprise annuity system on thebasis of the original supplementary pension insurance, the enterprise annuity as thesecond pillar of the pension system, old-age security in China will play anincreasingly important role. The enterprise annuity enhanced pension protectioncapacity and provide the workers with a higher standard of living. The enterpriseannuity are also attractive and stable corporate personnel, incentives for workers towork more effectively, and promote the improvement of operating results andsustainable development. This paper attempts to Shanghai and Shenzhen listedcompanies as the research object, based on the analysis carried out in theestablishment and development of enterprise annuity system of listed companies inChina, empirical methods use variable regression, analysis of the the EnterpriseAnnuity operating results of the listed companies in China related the theory andpractice of China’s enterprise annuity perfect relationship in an attempt to explorebeneficial.The main content of this paper consists of six parts. The first chapter, mainly onthe background of the topic, theoretical and practical significance of the relevantliterature review, as well as the introduction of this study structure and approach to thestudy analysis methods; Chapter II enterprise annuity incentive pay basic theorymainly summarized the basic concepts and theory of enterprise annuity and payincentives; Chapter enterprise annuity development of China’s listed companies, themain use of statistical data on the basis of the analysis of the overall level of China’senterprise annuity on the Shanghai and Shenzhen enterprise annuity listed companiesin asset size distribution, regional distribution and industry distribution analysis;Chapter empirical research, mainly through the establishment of the regression model,using data of the five years from2007to2011of420samples of84listed companiesin China, its enterprise annuity and results of operations of the correlation between theempirical analysis and preliminary conclusions; fifth closing remarks, mainly basedon the results of the preliminary analysis put forward policy recommendations on theimprovement of China’s enterprise annuity system and summarized innovation of thispaper and weaknesses of, and prospects for future research.