The Empirical Research On The Correlation Between Executive Compensation And Corporate Performance Of Listed Companies In Media Industry

At present, it is the human resources time of enterprise management in our country. The people-oriented management as core requirement makes all walks of life pay more attention to the management of senior managers. The media industry is the industry that we encourage to develop in recent years, and it is also the new blood on our stock market. Almost 70 percent of the company which had been listed media listing Corporation in 2014 has been profitable, and it has become a new indicator of the economic field of our country. In order to ensure the sustained and steady development of the media industry of our country, encouraging senior managers to create wealth for the company has become the focus of the media industry.In this paper, it takes the listed media Corporation in Shanghai Stock Exchange and Shenzhen Stock Exchange as the research object, selects the annual data of year 2012 – year 2014. And it takes executive compensation and their stocks as the dependent variable, takes corporate performance as independent variables, and takes the scale of the company, capital structure, capital structure of the company and the company’s growth as control variables. Then the Eviews6.0 software was used to measure statistical analysis. Finally the analysis shows: during the listed media corporations, executive compensation in good performance companies is higher than executive compensation in those in bad performance companies; executive compensation in large companies is higher than that in small companies; executive compensation in the companies of the high proportion of the first shareholder is lower than that in the companies of the low proportion of the first shareholder; in addition there was a significant negative correlation between executives shareholding ratio and corporate performance in 2014, while in the other two years executives shareholding ratio and corporate performance are not related; in 2012, executives shareholding ratio in the large companies is lower than executives shareholding in the small companies, while there was not related in the other two years; there was not related between the executive shareholding proportion and the first shareholders during the three years; in 2013 and 2014, the executive, which was as chairman and general manager at the same time, shareholding proportion is higher than that which was not.Finally, according to the research results, some suggestions are put forward for the design of the executive pay system of listing Corporation of the media industry in China.