其他摘要：Ownership Structure and Executive Officer’s Payment are key factors to firm performance. This paper proposes theoretical hypotheses based on deep study on related material; it chooses ROA as the pri-mary indicator of firm performance, and uses panel approach to empirically analyze through electric industry listed firms. The results show that: the relation between ownership concentration and performance is inverted U shaped, the proportion of executive ownership is positively related to firm performance; the relation be-tween executive officer’s payment and firm performance is not significant in the state-controlled listed firms. In addition, FSP is non-linear relation with company performance; the hypothesis that the balances of stock ownership will help to improve firm performance has been confirmed.
关键词：股权结构;高管薪酬;公司业绩;电力行业上市公司
其他关键词：Ownership Structure; Executive Officer’s Payment; Firm Performance; Electric Industry Listed Firms
