Research On The Influence Of Salary Level On The Performance Of Financial Listed Companies In China

Financial industry is an important force to promote the development of national economy and guarantee the national economic security.With the deepening of reform and the development of China's economy,as a typical industry with high salary,it has also attracted the attention of academia and society.Although the overall absolute salary level of financial listed companies is relatively high,and the relative salary level gap within the company is also large,the research on the impact of salary level on corporate performance of domestic financial listed companies is relatively not much.Therefore,based on the relevant theories of incentive effect of salary level,empirical data of Chinese financial listed companies,combined with the current situation of the salary level in the domestic financial industry,this paper comprehensively analyzes the absolute salary level of the senior managers and employees in China's financial listed companies,as well as the relative salary level gap between the senior managers and between the senior managers and employees The impact of corporate performance,and then from the salary level adjustment,salary structure optimization and improve the regulatory mechanism and other aspects of improvement.This paper is divided into five chapters: the first chapter,introduction.On the one hand,it sums up the theoretical research background about the salary level and corporate performance in the current academic circle,on the other hand,it expounds the current economic situation in China,as well as the status and importance of financial listed companies in the current economic situation,and combined with thesummary of scholars' relevant research results,This paper puts forward the related issues about the impact of the salary level of financial listed companies on corporate performance,constructs the research framework of this paper,and clarifies the research methods and innovations of this paper;In the second chapter,related concepts and theories are summarized.In this chapter,firstly,the related concepts involved in the research are clarified,then the theory of the impact on the company performance is elaborated from the absolute salary level and the relative salary level;Chapter three,the current situation of the salary level of China's financial listed companies.Starting from the actual situation of financial listed companies,this chapter explores the current situation of salary levels of financial listed companies from the overall and the levels of absolute and relative salary levels,and compares them with other representative industries,and further analyzes the characteristics and problems of current salary levels.;Chapter four,empirical research.After combing the theoretical mechanism and establishing the research hypotheses and experimental variables,this paper adopts two-way fixed effect model through Stata15,Excel and other software to empirically test the salary level and corporate performance of financial listed companies,and makes a robust analysis of the results;Chapter five,research conclusions and suggestions.After summing up the results of relevant theoretical analysis,current situation discussion and empirical research,this paper puts forward the conclusions of this study,and puts forward various suggestions.This paper summarizes the characteristics of the current salary system of financial listed companies,and further conducts empirical research based on empirical data,and finds that:(1)the absolute salary level of senior managers has a significant positive impact on corporate performance;(2)the absolute salary level of employees has no significant impact on Corporate Performance;(3)the relative salary level gap between senior managers has no impact on corporate performance Significant;(4)there is an interval effect between the relative salary level gapbetween executives and employees on corporate performance,which shows an inverted "U" relationship with corporate performance.On the basis of the research conclusion,this paper puts forward suggestions from the aspects of absolute salary level adjustment,relative salary level control,improvement of salary structure and improvement of supervision system.