Abstract:This paper investigates the executive compensation stickiness from the non-agent perspective. By constructing a compensation incentive model that introduces a cost function with stickiness characteristics, this paper finds the cost sticky increase the executive compensation stickiness. Empirical analysis of listed companies in the A-share private manufacturing industry from 2010 to 2016 upholds the theoretical analysis. Moreover, compared with executives who have no political association, executives who have political association show insensitive in the "cost sticky-compensation sticky" relation. However, this difference disappeared after the new business relationship established in 2012.This paper constructs a theoretical model to depict the non-agent mechanism of executive compensation stickiness and conducts empirical analysis. The study provides a new research perspective for a comprehensive understanding of executive compensation stickiness.