This paper classifies the fairness of monetary compensation into fairness of corporate monetary compensation, fairness of executive monetary compensation and fairness of employee monetary compensation according to the principle of pay. Based on the empirical data from A-share listed companies from 2010 to 2014, this paper makes an empirical research on the relationships among nature of property rights, fairness of monetary compensation and corporate performance. The results show that fairness of corporate monetary compensation and fairness of employee monetary compensation have significant influence on corporate performance. Due to different ownership, fairness of corporate monetary compensation, fairness of executive monetary compensation and fairness of employee monetary compensation have different influences on corporate performance. The fairness of corporate monetary compensation in enterprises controlled by local government and those by non-government have a significant impact on corporate performance. The fairness of executive monetary compensation in enterprises controlled by central government has a significant impact on corporate performance.Moreover, the fairness of employee monetary compensation has a significant impact on corporate performance in enterprises controlled by central government, local government and non-government.