Senior Management Of Listed Companies Pay The Empirical Analysis Of Determinants

Enterprise is a series of contractual relationships with, a more concrete expression to human capital and financial capital to conclude a common agreement. As clients and agents, the objective function not consistent, so agents (the authorities) at the expense of the interests of clients seeking personal gain at the cost of frequent phenomenon. In order to achieve human capital and financial capital of sincere cooperation, a modern enterprise designed a series of incentives that can be achieved Residual Claim and control of the match (matching), enterprise management authorities to the objective function as far as possible with the shareholders of the objective function Convergence. One of the most typical is to allow authorities have certain Residual Claim, resulting in a high-level management salaries related issues.Since the 1980s, senior management incentive pay has become a hot foreign scholars, the evidence emerging article. However, domestic companies listed on the senior management of the incentive of empirical research has just begun, yet a unanimous conclusion, in order to explore the truth, we selected the senior management of listed companies pay incentives this theme, launched relevant empirical research. Hope that through research and analysis for listed companies formulate a scientific and rational and effective pay policy to provide information and advice, but also for the relevant theoretical research to provide clues.In concluding this paper, learn from their predecessors empirical and normative on the basis of research results, with the national conditions of China's listed companies characteristics, which might affect the pay of senior management, thus the establishment of a multiple linear regression model, through the use of Report publicly listed company data regression analysis, the impact of final salary and incentive effect of factors. Finally, the study found that issues policy recommendations. However, the level of subject knowledge and time and energy, the paper in the collection of data variables still exist in the design defects, these limitations will become the driving force for further study, in the hope that future studies be improved.