With the development of the times

relative performance evaluation

as a new more effective and scientific incentive mechanism

derives from principal-a- gent theory. Using the data of Chinese A-share listed companies from 2014 to 2016

this paper studies the different situations of enterprises using the relative per- formance evaluation under different ownership and market competition. The first part of the paper construct the empirical model of relative performance evaluation

then the second part is the sample data selection and regression analysis

and the last part is the analysis of the regression results. By this study

we hope to provide new ideas for the implementation and development of China's relative perfor- mance evaluation in the design of executive compensation contracts and improve the incentive mechanisms for managers to promote the institutionalization and standardization of listed companies in China.