Study On The Relationship Between Salary Gap,Equity Nature And Firm Performance

The salary gap is always running through the whole process of the enterprise.The pay gap is not only related to the running cost of the enterprise,but also the cooperation between the employees in the enterprise.The salary gap may improve the performance of the company and the performance of the enterprise.The key lies in the salary gap The theory of "tournament theory","behavior theory" in recent years,the "U" type theory in recent years,and the exploration and research of the relationship between salary gap and corporate performance,but the former two theories are far from The paper analyzes the relationship between the change of enterprise pay gap and enterprise performance.The paper uses "U" type theory to carry out theoretical analysis and practice exploration.The difference between this is that the absolute and relative pay gap between executives,executives and ordinary employees is used as explanatory variables,and the lag of salary gap is taken into account,and a relatively complete pay gap and firm performance relationship Of the research system.In this paper,the Shanghai and Shenzhen A-share listed companies as the study sample,select the 2011-2015 salary data,and taking into account the impact of the pay gap is usually lagging behind the selection of 2012-2016 corporate performance indicators.From the absolute and the relative pay gap,respectively,among the executive team,among the executives as a research carrier,combined with the number of executives,regional differences,size of enterprises,asset-liability ratio as a control variable to be divided into state-owned enterprises And non-state-owned enterprises as a regulatory variable to study the relationship between the pay gap and corporate performance.The following important conclusions are drawn: Regardless of the absolute and relative pay gap between the executive team and the absolute and relative pay gap between the executives,the relationship between the absolute and the relative performance of the firm is in the "U" type,that is,the relationship between the two is divided into The relationship between the pay gap and the firm's performance is related to the performance of the enterprise.The relationship between the salary gap and the firm's performance is related to the firm's performance.The state-owned equity will weaken the positive relationship in the relationship betweenthe two,rather than the state-owned enterprises will strengthen the pay gap and the close relationship between the performance of the company.First of all,listed companies need to establish the salary gap in the performance of the company play an important role in the concept of a reasonable pay gap,and second,to strengthen the state-owned enterprises to change the concept of egalitarianism,attention to state-owned enterprises Of the process of the market,from the micro level to develop detailed reform programs,thereby enhancing business performance.