నైరూప్య

The empirical study on the pertinence relation between the senior directors’ remuneration and companies’ performance in listed media companies of China

Jian-hua Dai, Song-min Lan, Jian Hu

In this paper, the empirical study on the relation between the remuneration of the senior directors of the China’s listed companies in media industry and the performance of their company is carried out on the sample data collected from 23 listed media companies in Shanghai and Shenzhen from 2009 to 2012. The study manifests that the remuneration of senior directors has a significant positive relationship with the scale of companies, an insignificant positive relationship with their companies’ performance and no significant positive relationship with senior directors’ share proportion. According to the research, however, the senior directors’ remuneration is negatively related with the state-own shares proportion in an obvious way and negatively related with the ratio of independent directors in a non-significant way.