8-42.(责任编辑:钟瑶)An Empirical Study on the Relationship Between pensation and Corporate Performance--Take SmallPlates panies as an ExampleWEN Xianming,QIAN Qiulan,HUANG Yingqi(School of Economics and Management ,Changsha University of Science & Technology ,Changsha,Hunan 410076,China)Abstract:This paper chooses 2013annual reports of 235 small plates panies that lis-ted before 2009.Through empirical analysis,we examine the correlation between -pensation and firm performance.The results of the research show that there is a significant posi-tive correlation between pensation and firm performance,and the pen-sation is positively related to pany size.There is a significant negative correlation betweenthe pensation and the capital structure.Key words:Small plates panies;pensation;Firm performance67