China A-share Listed Companies Executive Pay Impact Factor Analysis

As the development of the market economy and the disclosure of the executives, a lot of people pay attention to the incentive problem of the executives. Today, the financial crisis all over the world affects our country and enterprise. How do our corporations set up the incentive of the executives to adapt to our enterprises'background and to reserve the key explore under the intensive competition is the one of the most important questions, especially the executives. Under the background, the study makes good use of the dates of the corporations to prove the factors. This study hopes to offer the reference materials to our business incentives.This paper studies the factors that influence the executives'salary basing on the results of the many scholars'studies and considering the outside, inside and executives themselves. On this basis, this article in order to obtain the business based on the latest and most complete data for the purpose, between 2006 and 2008 the Shanghai and Shenzhen A-share listed companies (the exclusion of some non-compliant corporate data), describe and analyze the status of our executive compensation. From the empirical point of view, this article builds multiple linear regression model. Specific variables described as follows:The average CEO pay as the dependent variable, company performance (EPS earnings per share), firm size (assets size, number of employees, operating income), corporate governance structure (the proportion of the largest shareholder, holding executives ratio, chairman and general manager, the number of independent directors), areas, and using the sample 2006-2008 464's latest panel data and stata to explore these important and the regression model, which is the innovations of this article.The result shows a significant impact on executive compensation variables are corporate in nature, the first largest shareholder equity ratio, the proportion of independent directors, corporation performance, enterprise asset size, the number of the staff, business revenue and some areas.