The issue of executive compensation is a topic that attracts much attention, but it is often the subject of different opinions and no consensus. With the reform of my country's salary system, the pay w88 casino between executives of listed companies and ordinary employees continues to expand. From SASAC2013The survey on the salary income w88 casino between central enterprise executives and ordinary employees found that the average w88 casino between the two was close20times, some even exceed100times. Executive compensation often becomes the focus of social controversy once it is disclosed, stirring up the nerves of the public. Public doubts about executive compensation intensify: Is executive compensation related to corporate performance? How many times the w88 casino between executive pay and employee pay is appropriate? Is the bigger the w88 casino, the better? Or is smaller the better? Executive compensation is not only an economic issue, it has evolved into an important social issue.

Selected by the National Social Science Foundation research team led by the author2001Year to Year2012my country’s Shanghai and Shenzhen Stock ExchangesAShare eligible230listed companies were used as research samples to study the impact of two types of pay gaps on corporate performance through large sample data, and finally verified the "double inversion" of executive pay gaps and corporate performanceU" relationship, discovered the existence of "double inflection points", and proposed the "double inversion" of the executive pay w88 casinoU" theory, its main contents include:

First, executives of listed companies in my country-The pay w88 casino among employees is much larger than the pay w88 casino within the executive team. The change in salary w88 casino within the senior management team has been relatively stable since2001Year to Year2012year has been in2Time to3Between times, but executives-The employee pay w88 casino is showing an increasing trend, due to2001year3.86Multiple times increased2012year6.06times.

Second, when neither type of pay w88 casino reaches the first inflection point, the positive effect of the pay w88 casino within the executive team on corporate performance is greater than that of the senior executives-The promotion effect of employee pay w88 casino. According to this, before the first type of inflection point arrives, corporate performance can be improved by expanding the pay w88 casino within the executive team; and after the first type of inflection point and before the second type of inflection point, while maintaining the same pay w88 casino within the executive team, the performance of the company can be improved by expanding the executive team-Employee pay w88 casino to promote the growth of corporate performance.

Third, there are industry differences in the impact of the two types of pay gaps on corporate performance.