China's Listed Companies Executive Pay Incentives For Research

With the development of market economy and release of executive compensation data, there comes more and more consideration both from academia and industry. In western developed market economy, the mint executive compensation brings the attention from institution investors and supervising institution, there are more and more theoretical and empirical research on executive compensation, it becomes an important subject to ascertain sound executive compensation. After more than ten year's development, listed corporations of our country have formed modern corporate governance rudiment, but there still exists many tangle in executive compensation field: why to provide executive compensation? What is general analysis framework of executive compensation? What is mode of executive compensation motivation? How about every mode's applying condition? What are main influencing factors of executive compensation? How to design executive compensation effective? These problems not only make numerous theoretical workers puzzled, but also become important and necessitous tasks in the enterprise reform process currently.Executive compensation problem derives on the separation of ownership and control in modern enterprises; there are many problems such as different objective, incompatible benefit, information asymmetry which exist in modern enterprises between owners and executives. The complexity and uncertainty of operating enterprise urged the ponderance of this problem; we can solve it through designing and carrying out a benign compensation scheme. In knowledge economy era, the competition among enterprises in essence is the competition of person with ability; executive especially excellent executives become the core...