We have studied the influence of management salary incentive on the quality of information disclosure by using the empirical data in Shenzhen Stock Exchange during 2008-2013 listed companies as samples with the institutional background of China. The results show that the quality of information disclosure of listed companies as the degree of executive compensation incentive increased at first and lowered later, appearing an inverted u-shaped relationship. Further test showed that this phenomenon was more marked in non-state-owned enterprises. The results show that salary incentive can alleviate the conflict of interests between shareholders and the management effectively, but also may lead management to selective disclosure by using of its information advantage to get more rewards.