Institutional Investors’ Distraction and Executive Compensation Stickiness Based on Multiple Regression Analysis

Based on the impact of industry extreme return attention institutional investors, taking Chinese A-share listed companies from 2011 to 2020 as a sample, this paper empirically tests relationship between investors’ distraction and executive compensation stickiness based multiple regression analysis. The study finds that promotes stickiness, which is more significant in group pressure-resistant investors. mechanism test governance effect, information effect psychological corporate external governance, stock price content management anxiety play partial intermediary role stickiness. moderating level internal managerial overconfidence will weaken In addition, behavior non-state-owned western has economic impact.