Based on tournament theory and behavioral decision theory,this study uses panel data of A-share listed com-panies from 2010 to 2020 as the object,aiming to empirically explore the relationship between executive compensation disparity,competitive position,and corporate performance.The study draws the following conclusions:(1)The executive compensation disparity in listed companies in China is positively correlated with corporate performance.(2)Competitive position exerts a positive moderating effect on the positive relationship between executive compensation disparity and cor-porate performance.