The Empirical Analysis Of The Influence Factors Of Executive Compensation Financial Listing Corporation In China

With the establishment of modern enterprise system in China, issue of exe cutive incentive has become an academic and practice industry that is generally concerned about the topic. The salary as the most important means of incenti ve, scholars has been a hot topic. In recent years financial industry executive c ompensation has been ranked inthe listof executive compensation in the forefron t, and with other industry executivepay gapis widening trend. Whether the compen sation of financial executives is influenced by what factors, or the governance mechanism of financial companies is unreasonable, and it becomes the focus of this research.This study based on the principal-agent theory, incentive theory, human capit al theory,combined with the domestic and foreign research of influence factors o n executive pay。It selected a single industry-the financial industry to carry out the empirical analysis of executive compensation. On the 2009 annual report dat a to 2013 financial companies as a sample where ten hypotheses were propose d, through the establishment of model by using a description of the sample and li near regression to study the impact of various factors onexecutive pay in the fin ancial sector.empirical research results show that: financial listed company exec utive pay and firm size and age of executives, executive education, regional, s ub industry significant positive correlation, and ownership concentration degree, ownership structure is negatively related, and the size of the company is the fi rst variable into the model. In contrast, there is no obvious relationship betwee n the executive pay of financial listing corporation and the corporate performan ce and the board of directors.. According to the conclusions of the research on the financial industry of our country listed company executive compensation i ncentiveand the design of the system are proposed: first, the establishment of a scientific salary system,we should focus on short and long term incentive com bination; second, we should establish a scientific and efficient performance appr aisal system; third, it is a must to further improve the corporate governance str ucture, strengthen internal supervision.