An empirical study of the executive emolument in listed company - A case study of listed companies in Yunnan

The emolument for executives in listed companies grow rapidly in China in recent years, whose rationality and transparency are increasingly being questioned by small investors and ordinary people, with the completion of splitting share structure reform, how to regulate the implementation of executive emolument is key for the listed companies, therefore, the empirical study of executive emolument has important guiding significance. Yunnan listed companies for the sample data, the empirical analysis is based on the executive emolument for listed companies of Yunnan as sample, which are listed in Shanghai and Shenzhen in 2010. The result proves that the gap between average salary of the executives and the executive emolument are positively correlated with corporate performance, the average remuneration of independent directors and the proportion of managerial ownership are not correlated with corporate performance.