A Study On The Change Of State-owned Listed Companies Remuneration And Its Influencing Factors

Since the reform and opening up, economic development and incomedistribution has been the focus of all walks of life. In1980s when our country’sincome distribution is equitable doctrine, but proposed to break the equitable doctrinein Fifteenth fair doctrine, implementation of the "focus on efficiency, taking intoaccount fair" income distribution policy, advocating some people get rich first. Inrecent years, the phenomenon of executives of state-owned listed companies have ahuge salary is extremely common in the Third Plenary Session of the Party’s eighteen,he proposed to deepen economic reform, the formation of a reasonable and orderlypattern of income distribution. So this paper from the perspective of the initialdistribution of income to explore the main factors affecting pay movements in order tofind an effective way to narrow the income gap.First, the research, research ideas and research methods in this article is formedby combing the results of previous studies, and review of the relevant literature aboutthe factors on the impact of China’s listed companies pay movement, summarized thefactors on impact of internal affecting salaries and remuneration of employees factorsgap.Secondly, the article analyzed the state-owned listed company salary changesfrom2002to2011, the analysis showed that the top three executives salary increases,the executive team and the general salary growth rate followed by decreasing salaries,the salaries gap between staff to staff gradually widened. By sub-sector, sub-regionalcomparison drawn salary of the fastest growing real estate, agriculture, forestry,animal husbandry and fishery salary growth slowest; fastest growing eastern region,the western region is relatively slow.Finally, from the perspective of the pay gap, analyses by SPSS17.0softwarefor Chinese state-owned listed company data, empirical research to verify the mainfactors affecting the changes in the remuneration of state-owned listed companies, andhoping to give the reform of state-owned listed companies some advices. The mainconclusions of this study are as follows:1. the state-owned listed companies which has a larger size, better performance in lastyear, show a great pay-gap between executives and ordinary employees;2. the higherthe state-owned listed company’s financial leverage, the more the pay-gap within the enterprise large;3.the state-owned listed companies and equity distribution board,supervisory board structure has a significant impact on the pay gap, the moreconcentrated shareholding, the greater the pay gap;Board of Supervisors, the smallerpay gap;4. Industries and regions of the state-owned listed pay gap within thecompany has a significant impact, high-risk industries shows a greater pay gap thanlow-risk industry; developed regions shows a greater pay gap than undevelopedregions.