Study On The Factors Of Executives Self-Interest Behavior Based On The Effect Of Field Compensation

Remuneration is always the focus both for the theorists and practitioners.An increasing growth rate of executives’ remuneration are the reflection of the fierce war for talent.In the new era of economy,based on knowledge and innovation,it is the difficult task that how to motivate executives consider maximizing corporation value as the goals for shareholders.The unexpected high remuneration,causing by the talent war,will encourage the executives to create more values or it is just the expressions of the selfish for them?What are the factors for the their selfish behaviors?Thus,it is essential to analyze the selfish behaviors and characters contained in the remuneration excitation for the view of executives’ remuneration.This dissertation will review the documents of executives’ selfish behaviors both domestic and overseas,and put forward a series of hypothesis which will influence the executives’ selfish behavior based on the theory of origin of selfish behaviors.The research objects is the A-share non-financial listed companies existing from 2011 to 2014 in empirical part,and only choose the companies whose executives’ remuneration growth rate surpass the net profit growth rate,that is to choose the corporations having the executives selfish behaviors as the research samples,evaluate the factors.The research results can be concluded as follows:First,executive selfish behaviors are widely existed both in state-owned and non-state enterprises in China.Second,there are positive correlations between the remuneration gap and selfish behaviors both in state-owned and non-state enterprises,and the gap of salary will lead to the selfish behaviors.Third,the market cometition will reduce the executives’ selfish behaviors in not-state corporations,while it is not in stated-owned companies,which may be contribute to the government intervention and protection.Fourth,it is common that the more power the executives have,the more selfish behaviors they will take in all the corporations.Fifth,it indicates negative correlations between corporate performance and executives’ selfish behaviors in all the companies,so the executives tend to take selfish actions when the companies’ performance went down.At last,the paper put forward some policy suggestions from the whole market and the listed companies in order to control the executives’ selfish behaviors and relieve the contradiction between the remuneration and performance.