Based on the panel data of GEM listed companies from 2010 to 2018, an exploration has been made into the relationship between endogenous financing, executive compensation and corporate performance. The research results show that endogenous financing has exerted a positive effect on executive compensation and corporate performance. Meanwhile, executive compensation also contributes to the improvement of corporate performance. Next, with executive compensation as an intermediary variable, it is found that endogenous financing helps to promote corporate performance by increasing executive compensation, which shows that executive compensation has a partial intermediary effect. The research results help to enrich the empirical data on the relationship between endogenous financing, executive compensation and corporate performance, as well as provide decision-making references for companies to improve their corporate performance.