薪酬差距是高管激励的重要组成部分,不同性质的薪酬差距在激励效率方面存在差异。区分高管异质性薪酬差距对于厘清薪酬差距深层次成因,进而提高薪酬差距的激励效率有着重要意义。本文以2008~2014年A股上市公司为研究对象,基于管理者异质性的视角,研究结构型权力和能力型权力对高管薪酬差距的影响,区分了权力性薪酬差距和能力性薪酬差距,分析了产品市场竞争对高管异质性薪酬差距的治理效应和激励效应。研究结果表明,无论是结构型权力还是能力型权力,均会增加总经理与其他核心高管之间的薪酬差距,产品市场竞争这一外部治理机制能够有效抑制权力性薪酬差距,提升能力性薪酬差距。 The pay gap is an important part of executive incentive. Different pay differentials have different incentive efficiency. It is of great significance to distinguish the heterogeneity of pay gap among executives in order to clarify the deep causes of the pay gap and further improve the incentive efficiency of pay gap. Based on the heterogeneity of managers, this paper studies the impact of structural power and capability-based power on the pay gap of senior executives from 2008 to 2014 A-share listed companies, distinguishes the power pay gap and the ability pay gap , Analyzes the governance effects and incentive effects of product market competition on the heterogeneous pay gap of executives. The results show that both the structural power and the capable power will increase the pay gap between the general managers and other core executives. The external governance mechanism of product market competition can effectively curb the power pay gap and enhance the ability to pay gap.