Firm Performance and Executive Payment: An Empirical Research Based on Chinese Public Companies

This paper mainly researches on the relationship between firm performance and the structure and levels of executive compensation. According to a statistic analysis of executive compensation of Chinese listed companies across industries, focused on an empirical analysis of firm performance and executive compensation of listed companies, the relationship between firm performance and executive compensation and shares is discussed in this paper. Meanwhile we analyze influencing factors of top-managers. The findings show that there is a significant positive relationship between the annual compensation of top-managers and the performance of Chinese listed companies. But firm performance is independent of the shares allocated to top-managers and there is noldquointerval effectrdquo.